To: William H Huebl who wrote (36542 ) 1/19/1999 9:53:00 PM From: James F. Hopkins Read Replies (1) | Respond to of 94695
Bill; S&P500 is in a trading range 1260 to 1220, the only way I'll call it is if she breaks out of that, OR if CreemSpam does what he did on the 7th and 8th, and removes liquid. She is liquid driven right now, ( every one has forgot LTCM ).. Spam is helping out his investment banker buddies, as soon as they get clear and I don't know when that will be, but then he will try to ease the money spigot down. His buddies really got him in a bind, but latter on he can blame it all on irrational exuberance. ------------ So right now I think most things hang on biz.yahoo.com The cost of fair value is tied to that, the pressure is on for him to drop rates again, he don't want to but may feel he has to. The dollar is still sick, in fact you could buy march futures yesterday for 94.74 cents, would you give me 95 cents if I promised to give you a dollar back come march. I wonder how much more sick it will get if he cuts rates again. I warned about a falling dollar months ago, and all the hell it would bring, well the hell isn't here yet but it's on the way. I suppose with inflation , ( and we are going to get some ) that stocks will inflate with it, at least to some degree. ----------- Lets just tell GreenSpam to give the IMF all our tax money and get it over with, send it all to Brazil, and I'll go down there and live, ( I really like Brazil ) but don't think investing there is worth a crap, ( unless you want to live there. ) ------------ Right now 1260 to 1220 range , or a fall if he skips running up the national dept with repos for more than 3 days. You think buyers are running the market up, nono it's tax payers via a network of derivatives via hand outs to the investment bankers via velvet jaws, all being hid in the national debt as they talk about a surplus.. Clinton has been kept so busy covering his arss and zipping his pants he don't have any idea of what's going on. But then again none of the Republicans do either, they just buy into the idea that Daddy GreenSpam will take care of them and the country. Jim