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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: DD™ who wrote (7649)9/5/1998 7:58:00 AM
From: Skeeter Bug  Read Replies (2) | Respond to of 42834
 
dd, abbey j con is the equivalent of a used car salesthing for stocks. or, more bluntly, a stock pimp. she's pathetic. says the market is valued fairly at 9300 (btw, record pe levels when we have the weakest e in history to support it).

but, hey, you might ask? where was the sell signal from her conness when we surpassed 9300? 9300 became the target (for the knuckleheaded suckers) only when the market began tanking and her conness needed a carrot to wave in front of everyone.

global recession is here. china devalues. latin america devalues. imports become REALLY CHEAP. the dollar weakens as it must in this environment. rates can't be lowered (or, if they are, not much and not w/o MUCH risk) b/c we already have glut conditions and lowering rates to further increase output is VERY DANGEROUS.

foreigners start selling their t-bills and stop buying them as the dollar weakens relative to their own currencies which, in turn, puts pressure to the upside for interest rates.

this is basic stuff. the us is not an island in the global economy. we are a nation w/ a short attention span. japan has been fighting a slowed economy for 10 YEARS, folks. this can last a long time.

does abbey con want to discount risk? h*ll no. she wants you to buy her ipo at record valuations. so she can pocket the cash. oh, and by the way. f*** the small investor. she's weak.