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

To: Moominoid who wrote (39059)	3/26/1999 9:04:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

David, not only oil is moving higher but also grains. The CRB is heavy in grains. This market was geared toward 1.5% inflation. An uptick to 2% which is not unlikely taking into account the 12% to 16% rise in house prices will qualify for a interest rate range on the long bond of 5.5% to 6% which in turn will shave about 10% to 20% of the market valuation. Now add to that overreaction and you have the right mix. It is funny that many on CNBC now pretend that inflation is also not a factor <gg> BWDIK Haim

To: Moominoid who wrote (39059)	3/26/1999 9:33:00 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 94695

On second thought- I believe it was 'Energy costs' that are 15% of the PPI, which includes electricity, gasoline, oil, nat. gas, etc. So perhaps oil is not nearly that big a factor. They will likely move up together though. FWIW TW