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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (10892)	3/1/2002 12:38:56 PM
From: yard_man	Read Replies (1) \| Respond to of 19219

can you pt me to the composition -- it appears that interest rates and mortgages figure prominently. Given that the index has been available for less than probably 6 or so significant recessions: is it really wise to trust it? Many recessions have followed a pattern where interest rates were indeed hiked to "cool things off" and interest rates were lowered or fell leading to recovery, but should we expect that to be the pattern now as consumer spending and appetite for mortgages hardly ever declined at all and what does this indicator really tell us about what we can expect for corps capital spending -- do lower rates automatically translate into capital spending, or does the expectation of being able to earn a profit make a difference?? Is there anything in there that might give us a clue on that??