To: Walkingshadow who wrote (18985 ) 2/18/2001 4:50:54 AM From: Raymond Duray Read Replies (2) | Respond to WS, Again, I have said all along that inflation will likely be a major, major problem. It will not go away easily, but for now I still maintain that reversal and a countertrend rally is the most likely scenario going forward, but that further down the road we may be looking at a horrendous selloff. I suspect this would be several months away, but if there are further indications of sharply increased inflation and/or sharply curtailed growth, then that day could be sooner then expected. will be a strong force to the downside in this buyer-poor market. So, what sort of a catalyst do you see causing the $COMPX to rally? A surprise 50bp gift from Uncle Allan? Hardly likely after the PPI numbers we just got. He'd be viewed as being completely irresponsible to his mandate to protect the integrity of the currency. I fully expect that we may have a lull in the California energy crisis, as the weather moderates. But that too is merely the calm before the storm. April and May can be scorching hot in California and there's every reason to suspect that the infrastructure may just unravel and create chaos in the California economy.
