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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (18522)	11/24/1998 11:06:00 PM
From: Suresh	Read Replies (1) \| Respond to of 67962

Hi Jim, I don't know of any handy formatting reference on SI. BTW.. if you remember our conversation regarding governments printing more money.. well there was an article in recent IBD which indicated that the fact US is indeed printing more money than it's usual rate and most of it is ending in foreign hands. In the same article or in other they were mentioning that the current situation will force the fed to move in such a direction as to strengthen foreign currency by means of decreasing interest rates. It is interesting to note that one of the cycle guys (Glen Nealy) is predicting interest rates to drop to around 3% in the next 4 years. However, his cycle reading also calls for the market to have a trading range of 10K to 5K (best case) for the next 4 years. Worst case is slow downward movement. If the market behaves as it is behaving now we are not very far from having a forward PE of 100 on S&P. It may take just a year for that to happen while corporate profits are sinking. I enjoyed your posting (LOL) about the market... thank you. -Suresh