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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (1256)	8/27/1998 9:22:00 PM
From: Gofer	Read Replies (3) \| Respond to of 3339

Greg, I agree that we're heading for a recession. I'm even giving a bit of mindshare to the Doomsayers that have been using the dreaded "D" word. I think the Fed guys are living in the (recent) past: Fed officials noted that there is less pressure for the Fed to lower rates because the bond market has essentially done it for them The tail wags the dog. My view from Canada is that USA rates were too high, but they couldn't lower them because of the Bubble, not because of inflation fears as they claimed. We raised our interest rates today to protect the C$ at precisely the wrong time. The C$ dropped anyway. IMO, the next change in "official" US rates will be down. The economy is still growing at a very heady rate; consumer confidence is still at extraordinarily high levels; and retail sales, business investment and housing are going great guns. Maybe yesterday. Be cash or be short - Gofer