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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (16763)	10/18/1998 7:16:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

Am I asking a LT question? Is that why traders sold Friday (so I hear)? Hmm. I think any pullback now will be upper 7000s. We'll never see 6900. Never. We'll never see Dell at 41 again. I could spit nickels. Tough game this is. Hit me again.

To: Judy who wrote (16763)	10/18/1998 9:46:00 PM
From: Mosko	Respond to of 42787

Judy- You ask: <Since when has a rate cut, real or anticipated, not fueled a market rise?> Between 1929 and 1930 the fed lowered interest rates by a total of 4 1/2% while the dow dropped a total 70%. This is the first time since then we have faced a world deflationary scenario. True, they were on a gold standard then. But the fed lowering interest rates is akin to printing money. It will end up stomping on the dollar, creating inflation for all imports, and making it impossible for the US to be the buyer of last resort for the rest of world. True we will get a short rally here, but the immediate trend will always revert to the overall picture which is based on fundamentals. This picture still doesn't look very good IMHO Mosko