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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (76867)5/11/2001 3:10:01 PM
From: Crystal ball  Read Replies (1) | Respond to of 99985
 
Agree, Greenspan knows CONSUMER DEBT higher than his IMAGINARY WAGE INFLATION. 50 basis cuts or I'll be out circulating petitions to my congressional reps to remove him and the rest of the Board of Governors of the Federal Reserve PRONTO ex pedito. Nice upgrade on PALM, you are right on with the coming Rally, it will exceed the short term target of $10, probably move towards breakout above $22 over the next couple of months and then take off enroute to its former highs. Agreed.
I am,
Truly your$,
-Crystal Ball



To: American Spirit who wrote (76867)5/14/2001 12:54:39 AM
From: Dave  Read Replies (1) | Respond to of 99985
 
I believe Greenspan will continue .50 cuts.

Not for too much longer. He may continue his trend with this year's fifth 0.50% cut on Tuesday, but if unabated, that trend would result in a 0.00% interest rate by the end of the year. Is that really what you guys want? Do you want Japanese-style negative interest rates by next year, with the inflationary nightmare that would attend it?

If so, you should be out buying gold rather than tech equities. I recommend BGEIX, which tries to mirror the XAU.X index, and NEM, which has a low hedge position.

Dave