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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (5640)	3/9/2001 10:43:57 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 57684

Money supply chart with latest numbers: stls.frb.org This is why we aren't coming back, yet. He made a big move in January and has done little since. There continues to be no doubt that he doesn't get it. The only thing holding the economy up now is the consumer, and the consumer will not hold up much longer, imo. He waited until the manufacturing sector fell apart to move and now he is waiting for the consumer to slow spending. Once that happens, he loses control over the time frame of a bounce back. Still, I see the same downside I have been talking about for a few months, around 1800, which isn't much farther. 1800 is consistent with the 1997 highs, and would suggest that everything after that was a bubble. Of course you also have 4 years of company growth since then making 1800 in 2001 crazy as hell cheap. For the record, imo, the bubble was formed from mid 99 to March 2000, but the street is pushing it back 2 years before that.