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To: d:oug who wrote (4381)5/12/2003 3:42:03 PM
From: Jim Willie CB  Respond to of 5423
 
nice stock rally, but once again, nobody told US$ about it
clownbuck down another 20 pts from Friday
we are setting up two things

1. big stock summer seloff, as earnings continue down the shitter, with production costs crimping margins

2. another round of energy price hikes, but this time with an imported price rise chaser

Mike Hartman of www.financialsense.com had a nice summary
he offers up 10% mortgage rates in coming years
I agree

/ jim