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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (12653)3/14/2001 8:07:03 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Jim, I do not have recent numbers, but the January tax receipts (payrolls) were 7.5% greater than last January, not exactly the making of a major recession. I think that after a strong rally in the later part of this year into 2002, the feds will tighten and the real lousy bear market (the one most people feel, the one hitting the SP and the Dow) will be next year. I have a potential low for the Dow next year in the 6000 to 7500, not frozen yet.

Zeev



To: Jim Willie CB who wrote (12653)3/14/2001 9:08:05 AM
From: Boplicity  Read Replies (1) | Respond to of 30051
 
Jim, re: Japan Banks.

It's about time and way over due, and I believe you have it right, there will be a relief rally. What is amazing, is that the press has not mention much about it, and Biz week had so little coverage about it.

Greg


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