To: Jane Hafker who wrote (957 ) 5/31/1998 6:00:00 PM From: gregor Read Replies (1) | Respond to of 1283
Dear Jane: The financial markets of Russia, Japan, Indonesia, Tialand, are in chaos. Hong Kong markets are teetering on the edge of democracy, meaning that Hong Kong will be pressuring China for free markets and eventually democracy causing a showdown between the two. China will and must eventually devalue their currency causing a flight from their currency; and the Hong Kong dollar is tied to China's currency. The Fed Reserve came a hair of raising interest rates in this country and ultimately will have to. The only reason they have not done so already is the teetering economies of SE Asia. When interest rates are raised in the USA it will put added pressure on corporate profits and cause drastic reevaluations of equities. This is a dangerous time right now and I have repeatedly warned of the necessity of raising cash. Personally I got myself and a lot of my friends out of growth funds into cash back in March. The Explorer Fund has since declined from 61.00 to 56.00 and has been as low as 54.00 and the Fidelity growth fund I was in has had a similar decline. There is nothing wrong with a 5.2 % return in a money market account, when inflation is running 2%. My indicators have indicated thet the Dow 9000 will be very difficult to penetrate and if after 5 or 6 attempts does not do so; will set us up for a significant; PROLONGED decline. My last reason; this a Jubilee year: the FIRST in 2000 years. Sell out , get out of debt; don't worry about the markets this year: get in tune with the LORD and sit back, relax, adjust to a slower pace of life and abide in Christ, Praise Him, Worship Him and let the Lord take care of your finances in a supernatural way for the balance of this year. My wife and I are putting our prophetic revelations on the line. I took personal steps last week to pay off the small remainder of our mortgage, and our credit cards. This was made possible by a blessing form the Lord. I had decided on Thursday to sell a stock I owned. I got so busy that I literally did not have time to sit down and link up to my on line broker. When I finally did about 1:30 pm I pulled up a real time chart on the stock and saw it increase 28 % in price in a matter of 45 seconds. I thought there was a mistake so I checked news releases and saw some hot news had been released 4 minutes earlier. The additional 28 % allowed me to completely get out of debt so I sold out about 15 minutes later. I was questioning my move because there were another two stocks that I really wish to get into. I prayed about it and the Lord was telling me he would divinely hold the price down into a buying range for me for 6 months; that he wanted to bank my would be house payments and would be credit card payments and plow this back into the two stocks I wish to buy. You will be the first to know how this strategy works out; for those nay sayers out there who doubt the Lord talks to his people like this; I will be the first to tell you if that was Jehova talking or gregor talking. If that was gregor talking you had better believe I will be poorer for it. In Christ. gregor