QID - QLD TRENDS (fka )

[J Kirksey]

This week's scenario - the big setup
Mkts have been set up for a rally in tech and financials
Despite all the calls for a FED move - it will not come
Commodity inflation does not raise rates - it hurts profits
There is still real price deflation - cars
Greenspan TOLD the public to buy short term paper [ARM's]
He is not going to raise rates any time soon
A rise in rates will kill house prices and quickly lead to
rapid foreclosures.

Reasons to rally
1) new month
2) some mkts closed today - light day?
3) FED on Tues
4) employment on FRI