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

To: Lee Lichterman III who wrote (6761)	5/2/2001 2:46:04 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

I just heard something on CNN about the Beige book and that the Fed was saying that rising energy prices have replaced a tight labor market as inflationary pressure. I can't find anything in print on it however. Is CNBC saying anything or has anyone seen anything on this. Seems to me, if this were true, they are saying they are going to take the punch bowl away and slow/stop the rate cuts. Heroin addicts don't like stopping cold turkey. -ggg- I have been constantly hearing about how there is resistance at DOW 11K and NASDAQ 2255 on the tube. I think now they will push over these levels just to suck in new money FA be damned. Recuring theme of the market and every release I have seen is... We are no longer falling off the cliff but we won't get any better anytime soon. No visability, no sign of recovery, just we aren't falling as fast as before. In the mean time, energy is about to have a crisis of epic proportion, inflation is just around the corner and all indications are we will in the best case scenario have a 70s style recession and worst case have a K-wave recessionary cycle with corresponding stagflation. Therefore we should buy buy buy. Someone pass the glue please. Good Luck, Lee