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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (38151)	9/12/2003 10:06:41 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 74559

CNBC interview on Thursday with Greg Weldon he is called by John Mauldin as the brightest star out there the Fed had been bullish on money supply growth in a 10-wk period, Greenman had pushed $250B into stock market a single week now shows a -$65B decline in MZM the MZM is now below its 50day Moving Avg Fed willingness to perpetuate this insanity is on the wane he calls it a major headwind for stocks the chip group was up 125% recently that retraced 2/3 of the 2002 yearly decline he thinks this tech rally is utterly exhausted entire stock rally is nothing more than a correction on an ongoing major bear market VIX is down to 20 now, which indicates a trend change combine VIX complacency with MZM slowdown, bearish he is scaling down long positions, including US & Japan we could see a rotation from stocks into bonds DONT EXPECT JOB GROWTH FROM ANY IMPROVED EARNINGS I find Weldon to be brilliant and concise, no frills / jim p.s. mentioned you personally in next article as "my friend Jay" title is "A Week with Richebacher in Cannes"