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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (44550)	6/2/1999 9:33:00 AM
From: Lucretius	Respond to of 86076

that guy has been so wrong it is silly.... just 2 months ago he was calling for a crash how's that yen lookin to ya?

To: Defrocked who wrote (44550)	6/2/1999 10:05:00 AM
From: bill meehan	Read Replies (1) \| Respond to of 86076

D: I don't know, many economists on Wall Street understand that they're in the entertainment business and strive to make noise. In any case, I've seen numbers that show Europeans poured $72 billion into US equities last year vs. $5.4 billion in 1996. One of the reasons I was very bullish in '96 and throughout most of '97 was the lack of big foreign buying.

To: Defrocked who wrote (44550)	6/2/1999 1:45:00 PM
From: Investor2	Read Replies (1) \| Respond to of 86076

RE: PEI It is my impression that PEI has been "negative" on equities, the economy, and things in general for quite a while. It is also my impression that by following their bearishness, one would have missed on a good portion of the recent huge bull run. Because of my impressions of PEI, I pretty much gave up on reading their articles. Are my impressions correct? Comments on this post are encouraged. Best wishes, I2

To: Defrocked who wrote (44550)	6/2/1999 2:05:00 PM
From: John Pitera	Respond to of 86076

Def. Many of Martin Armstrong's tools for analysis i would have to consider to be technical in nature, so he is no a straight economist by any stretch, imo. If you take a look at this chart of djia stock trends, you will see that this is derived by a mathematical model. peicommerce.com His 8.6 year global flow of capital had him forecast in 1996 that the US stockmarket would rise into JUly 1998 and he actually said the top date for US stocks would be July 20th 1998, In late 1998 he was looking for the US stokc mkt ot rise into Mid April, No one on the Myth thread, from what I have seen has read very much of what he has had to say, so I would appropriately discount their opinion, and yes I have read the 3 responses that have been posted so far. PEI has a tables that give a technical opinion on a number of the world markets ...worth a look princetoneconomics.com