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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (18284)	3/8/2004 12:35:35 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

As Larry Kudlow, chief economist of Bear Stearns wrote in National Review on Thursday: "Before the December and January jobs reports, I took the 'over' in the pre-announcement betting. ... Fearlessly, I'll take the "over" again." Gee, Larry, let me know where I can get some of this action. For the 40 months that I have been writing this column, Kudlow has consistently taken the "over" on every economic statistic. On employment, he's been right maybe 3 times. You've got to be kidding, I had NO IDEA that Kudlow was chief economist at Bear! Time to move all your funds from Bear if you have any there. The crux of this article is that stocks are overperforming given the real economic climate but personally I don't see much happening in growth stocks. You could maybe make an argument that they should crash and that hasn't happened but there is something of a slow grind downward right now in a lot of the big names. This in a climate where profits are clearly getting stronger due to cost cutting, so there is something of an upward push for that, deservedly and things seem to be cancelling each other out and we have a market that is mostly flat.

To: Les H who wrote (18284)	3/9/2004 8:16:57 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

the Bank of Japan is reported to have bought over $100 billion of U.S. Treasury ... it has enabled long term bond rates to remain artificially depressed this author is very confused. he seems to think BOJ is buying long-dated Treasurys when all their buying (and all new supply) is concentrated close-in. US Government don't care no long rates; Treasury financing is an ARM with a 1yr duration, which is why US Govt interest payments continue to DECLINE even as deficits and debt rise. Unless the Bank of Japan buys $200 billion of T-bonds next month well, if they bought $200billion of T-bonds, they would have to buy EVERY bond in existence, and then some! there's less than $200 billion in existence.