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Earl Adamy wrote:
> 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.
>
>
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>
> ------------------------------------------------------------------------
> Name: crbwkcash.gif
> crbwkcash.gif Type: GIF Image (image/gif)
> Encoding: base64
>
> Name: InflationGuage.gif
> InflationGuage.gif Type: GIF Image (image/gif)
> Encoding: base64
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