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Absolutely. CRB weekly cash has resolutely moved up a very narrow Andrews Pitchfork channel and across a 4 year old monthly trendline. While momentum has been declining a bit, the trend is clear and lacks the kind of parabolic rise which would suggest anything more than a modest correction. Also attached is a self explanatory chart showing a November peak in an inflation gauge I track ... at some point these increases are going to be reflected in retail prices. Earl ----- Original Message ----- From: "Ira Tunik" <ist@xxxxxx> To: "realtraders" <realtraders@xxxxxxxxxxx> Sent: Wednesday, December 27, 2000 10:11 AM Subject: [RT] nasty things > Things could start to really get nasty if what I see happening in the > commodity markets continues. It appears that almost everything has > turned up. Whether these rallies can be sustained, only time will > tell. The grains and meats are retracing, the currencies are rallying, > and the bonds seem to have run into resistance at current levels with a > retracement in the offing. If there is follow through with the > currencies there will be a battle between inflation worries and economic > slowdown. Look at the labels on anything you buy. It is almost all > made overseas. If the dollar crashes then inflation will be rampant. > Will Greenspan be happy with a 2% growth and level his weapons at > inflation? The Nasdaq only has a few more points to go to reach my > target and that would mean that the Dow would break badly if there was > no action on the interest rate front. Everyone is counting on at least > 25 basis point drop in the fed funds rate and maybe 50 basis points. If > it doesn't happen then the fox is in the hen house. Just some holiday > joy. Ira. -------------------------- eGroups Sponsor -------------------------~-~> Big News - eGroups is becoming Yahoo! Groups Click here for more details: http://click.egroups.com/1/10801/0/_/152424/_/977939636/ ---------------------------------------------------------------------_-> To unsubscribe from this group, send an email to: realtraders-unsubscribe@xxxxxxxxxxx
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