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Pastimes : Tech Clowns Only...No doom and gloom -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (77)	1/19/2001 1:11:26 PM
From: Boplicity	Respond to of 241

Thanks, Greg

To: Didi who wrote (77)	1/19/2001 1:13:03 PM
From: Venkie	Read Replies (2) \| Respond to of 241

Welcome my old friend...brcm still trying to get that 130 down...

To: Didi who wrote (77)	1/19/2001 1:13:10 PM
From: Didi	Respond to of 241

Elaine Garzarelli's commentary, 1/19/01... garzarelli.com --------------------------------------------------------------------------------------------------------- Rearranged for emphasis & ease of reading. >>>Stock market analysis for January 19 As our subscribers know, early this month, our indicators rose to a bullish 81.0% after being in bearish territory since May of last year. We believe the bear market is OVER since a level above 65% is a buy signal. Our indicators more than doubled from 28% to 61.0% -- and are now at 81.0%. ...An 81.0% composite reading means a new bull market. ...We expect the S&P 500 price index to rise 20% to 40% over the next 12 months or so. Due to the Fed's lowering of the Fed funds rate by 50 basis points on January 3, our valuation and monetary indicators became bullish creating an overall buy signal. The core consumer price index rose 0.2% -- in line with estimates and benign enough for the Fed to continue its easing trend. We believe the Fed will continue to lower rates -- with the next easing at their meeting at the end of this month. The easing: ... may PREVENT the economy from going into a recession slump (which many analysts are now predicting). ...will yield a big spike in housing, and ... the zooming refinancings will give consumers more cash to spend. We have many group changes as a result of recovering 2002 S&P 500 EPS growth of 13% to 15%, which the market will now begin to discount. S&P 500 EPS growth should be flattish this year. ........................................................... Interest rate/bond market analysis for January 19 We are NOT putting new money into the bond market -- but rather taking advantage of the values in the stock market. Yields should remain around these levels for the next 6 to 12 months. <<<