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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (50710)	3/31/2001 3:08:20 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 94695

Bill, was that a typo or is it just unclear what point you were trying to make? You can't mean that it takes 7% p.a. growth in US industrial production to sustain a rally. Oh, and regarding consumption (and other economic indicators), you may have missed the news, but US consumer spending was up .3% last month and personal income rose .4% (hey, income rose more than spending - that's another good thing). Bob PS: "Stagflation" describes periods of high inflation, but slow or zero growth, not deflation and slow growth. Seems you're reaching a bit for things to interpret negatively and that's causing you to get your economics mixed up. PPS: VIX remains in the mid-30s and put-call ratios are high, especially S&P 100 put-call. Oh, and the Consensus Index is only 10% bullish. Hmmm.