Birchtree
TSP Talk Royalty
- Reaction score
- 143
We are now going to have strength with low inflation - they have room to cut. They have no reason to hold steady as long as inflation is contained. I don't think the market really cares either way: good cap-ex spending in the last eight quarters, increased labor productivity, moderating wage growth, increased exports with subsequent trade deficit reduction, possibility of double digit earnings again going forward into 2008, continued historic low mortgage rates and other low interest rates, euro zone folks on their way to acquire assets, Chinese looking for asset plays, market sentiment at historic lows, NYSE breadth MCO has had a double initiation thrust over the past week and a second higher high on Monday taking out highs for the past year, three 9 to 1 Zweig thrusts, OSM's holding rates steady, most indexes are showing patterns of bottoms above bottoms, technology currently leading.