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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (3941)3/23/2001 12:53:51 PM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
You get my vote for 'Guru of the day' for that 1750 NDX line. I don't care if you did miss by 4 pts. <g>

Good points on the inverted Yield curve. I guess the Fed doesn't think as much of it as you do, or he would have been moving then. It may not have made any difference- the January cuts haven't.

Whether real estate tanks or not depends on the type of downward cycle this becomes- inflationary or deflationary. History should be our best guide- and at this point, the best comparisons would be either the 1930's or the 1970's.

With the lack of a gold standard- I tend to think this cycle will be like the 70's- the central banks will debase the money supply to stimulate spending, and as long as people have income- they will spend. I read that the last few weeks have seen MZM increasing at a 28% annual rate. That would bode well for real estate. I have sold all of my speculative RE, but still have some large holdings. I will look to add soon unless we see the deflationary scenario play out, which would make me hold off.

Unemployment was at 25% in the 30's. I doubt we see that. ALL IMO, and of course WDIK.



To: Paul Shread who wrote (3941)3/23/2001 2:06:07 PM
From: dawgfan2000  Read Replies (1) | Respond to of 52237
 
Paul, re: yield curves.

Do you feel that one is more inflated than the other (unless of course your mortgage lender uses the 10 Yr rather than the 30 yr <g>). But that is part of my point, if the short term yields ARE the inflated bond, is it a prop by the Banks/Fed to keep mortgage rates higher?