[DrStool]

Pushing On a String 3/6/03

Broad money supply downticked in the week ended 2/24. That should be temporary as new money from the most recent refi bulge that began in January enters the market in the weeks ahead. The overall uptrend is intact, yes, the very same uptrend that has accompanied the entire bear market in stocks. Money is like folks. It goes where it is most loved. In spite of surging money supply, the stock market continues to fall as investors find other, apparently more attractive alternatives, mainly bonds, foreign investments, real estate, gold, and the Tupperware container in the freezer.

Doc describes the dangers of the moment, examines the Feed and monetary data, chronicles the market cycles, and tells us where this shipwreck is heading, with hot pictures of naked stock charts, the Long Bong Hit, Uncle Buck and the Golden Stool. Will Uncle Buck ever get out of his sick bed? Will the Golden Stool ever recover, or is the move over now that Cramer is on board? Drop by your stock proctologist's office, and get the inside picture, all in the Anals tonight.

Stoolies, log one in. If you're not a stoolie already, become one Now! And don't forget to join Doc during the market day in Stooltrading Beta as he plots the market's twists and turns for you, in advance yet!