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Strategies & Market Trends : Shorting SPY for fun and profit. -- Ignore unavailable to you. Want to Upgrade?

To: Premier who wrote (79)	11/10/1997 10:49:00 AM
From: studdog	Respond to of 346

Premier, I guess I am just more nervous than you so I am in cash at 10% overvaluation. But I like your approach. IF and when the market settles down I may crawl out from under my SPY rock and rejoin the party. Karl

To: Premier who wrote (79)	11/10/1997 10:58:00 AM
From: Anaxagoras	Read Replies (1) \| Respond to of 346

<<Again fed model should be used as lagged indicator. It gives plenty of opportunity to act after calculations are made. >> I think you mean "leading" indicator; a lagging indicator lags what it tracks, i.e. it is "late". A leading indicator like PPI tells us about what inflationary pressures will bring to bear in the future. Actually, the fed model is a coincident indicator, yes? It tells the state of affairs now, however the market may get significantly overvalued according to this "indicator" before it corrects, giving us plenty of time to take advantage of it. Hope I'm not too screwed up on this. Please help me out if I am. :-) Anaxagoras