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After reaching 3% it looks like it is in for a contraction. How about
paring this M3 chart up with the DOW or SPX?
----- Original Message -----
From: Ronald McEwan <rmac@xxxxxxxx>
To: <Realtraders@xxxxxxxxxxxxx>
Sent: Monday, December 13, 1999 1:24 PM
Subject: RT_Y2K Paranoia or Greenspan's Irrational Exuberance?
> I thought this article was interesting, so I downloaded the m3 data from
> the St Louis Fed website. I plotted the 13 week percentage change to see
> what was going on from 1981 to the present. It certainly does seem
> curious that the Fed is doing this now? It is interesting to see how A.G.
> opened the federal piggy bank last September. Being a firm believer in
> the "Grassy Knoll" theory, I wonder what the govt is trying to hide from
> us now. How is it that the guy who is crying about "irrational
> exuberance" is the same person throwing the gas on the fire?
>
> Ron McEwan
>
> ps I hope I dont get 500 copies of this coming back to me!
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