Fullermoney Historic Archive: FM6 Mid-August 1984
David Fuller's view
FM6
opens with my Alan Abelson moment which you may wish to skip. An explosive stock
market rally occurred as US short-term rates slipped beneath 13%. Will we ever
see those levels again or considerably higher as occurred in 1982? Eventually,
if you believe that what goes around comes around, and money printing will be
a very big contributing factor.
For students
of technical analysis, of the sort you have yet to find in text books, there
is a lengthy section illustrating my mid-point danger line (MDL) as a useful
tool for monitoring staircase trends.
There
is an editorial on the miner's strike and how about the quote in this sample:
When
boasting that the miners would engineer a Labour victory at the next general
election, Scargill told a grinning Kinnock that "You have only one lesson
to learn from Mrs Thatcher - when you do become the Government of the day, show
us the same loyalty to our class that she has shown to their class."
Those
too were dangerous times but generally very good for investors.