Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (31668)	10/15/1998 3:16:00 PM
From: Tommaso	Respond to of 94695

" BTW, has any one even looked at the M3 figures, just a bit inflationary, no?" Actually they tightened up a little in the course of the year from what they had been at last January. But you are right: not that much. As long as productivity keeps increasing, though, a 6% M3 increase is not very inflationary (the most recent 13 weeks). And M1 or whatever the simplest measure is called now has actually been contracting. I tend to blame that monetary bubble of late last year for pushing the stock market on up through much of the summer. There are always other causes and effects, of course. But my impression was that the dip in equities of a year ago was misread by the Fed as the start of a continuing drop.