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Mark,
Thanks for your input. Anyone else? The more ideas we kick around,
the more we all learn.
I heard someone on CNBC say something about Germany trying to raise
rates, but don't believe I have seen or heard it anywhere else.
Jim
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> From: MFauber@xxxxxxx
> To: JimGinVA@xxxxxxxxxxxxx; metastock-list@xxxxxxxxxxxxx
> Subject: Re: Weekly Pick
> Date: Sunday, August 31, 1997 8:46 AM
>
> Guys:
> For what it's worth (since you've always been so kind with your advice) -
my
> thoughts on the market: The underlying US economy is sound with high
> confidence and increasing productivity. Also, the balanced budget will
> reduce the demand for money and, with it, interest rates. The "nifty
fifty"
> have taken some hits recently, and are due for them (the overall market
> having risen 85% in the last 2-1/2 years). This is a pretty rosy
picture,
> but the international dependances aren't so nice. Asia, and possibly
Latin
> America, may undergo rising interest rates brought about by currency
> problems. I've also heard it said that Germany is trying to raise rates
(can
> anyone confirm this?). This will tend to slow our exports to these
areas,
> and dampen MNC earnings (ie., the nifty fifty and other big caps).
>
> All of this being said, I tend to agree with you, Jim. I think that we
are
> in for a consolidation phase but are still in a bull market. I think
that
> small caps have greater appreciation potential than large caps (no
> quantifiable charachteristics to offer). As far as which sectors are
better,
> your guess is as good as mine.
>
> As usual, this and 25 cents .................good luck to all!!!!
>
> Mark
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