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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Michael Sphar who wrote (6444)7/31/1998 4:07:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 10921
 
<< Interest rates weren't high in 73 >>
Mike,
you are right, my mistake... rates didnt get into 10's and teens until the Carter years... thanks.. has been a long time

dollar/yen is getting up there again... I think the bond-dollar link puts stocks between a rock and a hard place... dropping bond rates probably would be result of expected mini-recession, which would hurt stocks from vanished profits... rising bond rates could be result of foreign investors exiting US high priced stocks in favor of European markets, as they convert out of dollars

as the world watches Bill's penis problems, US stocks may have seen the last drop of foreign investment

/ Jim Willie