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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (1580)5/19/1999 7:37:00 AM
From: Frodo Baxter  Read Replies (1) | Respond to of 3536
 
Fedwatch is no fun. Uncle Al should throw a curve ball now and again.

Message 9542158



To: Henry Volquardsen who wrote (1580)5/19/1999 9:03:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 3536
 
Hello Henry,

Here's an interesting Link to an interview with Don Wolanchuk
>>Don Wolanchuk, 14-Time "Timer of the Year," perhaps one of the greatest market technicians in the history of the financial markets<<

It's interesting and worth the read for a different point of view.
stockhouse.com

My Best
Chip



To: Henry Volquardsen who wrote (1580)5/19/1999 10:17:00 AM
From: X Y Zebra  Read Replies (1) | Respond to of 3536
 
Thank you for your views, they seem to confirm my view that the real power of the Fed is more comparable to a venerable old "Mafia Don", rather that a mechanical direct influence...

For the time being, particularly when you say that...

but it is worth noting that while real rates of return are high they are not at historic or unsustainable levels. And nominal yields are at low levels for the latter half of the twentieth century.

... leads me to think, and reinforce the thought that we are in an incredible period for further wealth creation for both, companies and the individual for at least ten years to come...in spite of the potential timely ear pulling from "Don Alberto Greenspanini" if we get too exuberant.

Then, a potential trigger point (to the downside), may be the possibility for Don Alberto to retire, and facing the need to replace him with an equally well respected "Don"...

hmmm... while that is a scary thought... not really, as the market will, in time readjust rates hopefully in a logical way, unless Don Alberto's replacement gets in its way...

I guess it is time to re-read Mario Puzzo's The Godfather to learn more about the intricacies of Mafia politics.

I wonder what would be the equivalent of receiving a fish via e-mail... (a fish virus ? )