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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (1688)	3/10/2004 12:14:24 PM
From: mishedlo	Respond to of 116555

Just a reminder that today, March 10, marks the anniversary of the NAZ peak in 2000. ---------------------------------------- Also, March 11 will be the one year anniversary of the 2003 lows. Going forward, this will have implications on the number of 52-week highs and lows. 52-week ago comparisons will become increasingly difficult.

To: zonder who wrote (1688)	3/10/2004 12:18:28 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Does anyone here follow GBP? The market seems to have taken a stab to the heart following disappointing industrial production and trade numbers, guessing that means no more rate hikes for a while. I am wondering if the last two days' drop can be an interesting entry point. I would not play the GBP Their currency has been strong because of high interest rates. Interest rates are high trying to kill housing speculation. My understanding is that speculation is rampant over ther. Perhaps like CA here but I do not know. In most parts of the US there is not rampany speculation, although prices have now doubt gone up. At any rate if housing slumps in the UK, with the horrid defict numbers they have, and if and WHEN the UK starts cutting (remember everyone thinks BIG hikes are coming), the pound can take a huge hit. In fact, it can take a hit if the hikes that are priced in do not occur. Mish