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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (18997)	2/19/2001 5:11:06 AM
From: JRI	Read Replies (1) \| Respond to of 19374

Terry- What I find a bit thought-provoking is.... (Looking at your link which showed a "new" Naz channel starting in 98, along with a 27 year channel...) If ones goes under the assumption that AG began "overliquifying" in 1994/95 (in response to Mexican peso crisis)....and that this "over-liquification" received additional booster shots in fall '98, and a huge one in fall/winter '99.....that could explain the rise (in part or, bada-bing, WHOLE) from the median values of the lower 27 year Naz channel...to the new UPPER CHANNEL... Now, if Greenspan were to bring liquidity "relationship" back to a level consistent from early 70's-1995...well, by the looks of the chart, it appears that 1600-1700 on the Naz would be the median, and not a bad target for any crack in the Naz... (Having said this, I don't expect AG to let things get that far....too many interests too protect, and we won't get the medicine we truly deserve)....maybe we'll get a one-day wonder below 2000, who knows? Cheers, and thanks for your great work/postings...