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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (38375)6/7/2000 10:58:00 AM
From: pater tenebrarum  Read Replies (4) | Respond to of 42523
 
i think the improving liquidity situation according to trimtabs must be taken seriously for the ST. we could get a big rally on Friday on the PPI. the fact that the 'soft landing' scenario is questionable will take a while to filter through. until then the path of least resistance seems to be up. the only thing that doesn't jibe is that that's apparently the consensus. but in this mania i've seen the consensus being right so many times already, that i'm not so sure if that means anything. the seeds for the next downturn are being sown however...margin debt is expanding again, the Rydex and p/c ratios are getting close to new all time lows, and the dollar keeps sliding.
i think however that easy Al will go back to pumping up the money supply...i've noticed that a slowdown in money supply growth has never lasted longer than three weeks during the '90's. we've had those three weeks of slowdown from mid-April to the first week of May. now it's time to crank the printing presses up again and get the bubble back on track.
still, we have some yawning gaps to fill from last weeks nonsense.

re. gold stocks, i see no reason to sell on the paltry gains we've had. on the contrary, i'd buy the pullbacks.