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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: plugger301 who wrote (20592)	7/13/2002 11:34:42 AM
From: lee kramer	Read Replies (2) \| Respond to of 26752

Plugger: Re the Seth Glickenhaus comments. I agree with some, disagree with others. A depression "may" lie ahead: The FED's interest gun is almost out of bullets. You can lower and lower rates, but if borrowing doesn't result it's the old "pushing on a string" problem. My concern is deflation. Should this occur, cash will be increasingly valuable...and "serious" money might well be placed in US Gov't. T-notes. The principal is as safe as can be gotten, and the current yield on the 10-year T-note is 4.65%. I suspect the 30-year long bond is somewhat higher as the long-bond is no longer being offered. As for the Dow bottoming in a year or two, well...that may be a good guess, but a guess is all it is. Nobody know where and when a bottom will occur until well after it occurs. As for the Nasdaq, it has already "crashed." The concept of trading both sides of the Street, (short and long) continues to make the most sense to me. "Investors" have and continue... to take it in the neck.