Market Watch National Edition

North Palm Beach, Fla. 33408 JAN. 15 - The past week will undoubtedly qualify as one of the most volatile on record, with the Dow Jones industrial average losing more than 522 points during the first four days and then regaining almost 220 points on Friday, for a total range of 742 DJIA points for t...

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Bibliographic Details
Published inNational post (Toronto)
Main Author Paul F. Desmond, Steve Puetz, Brian Presley, and Abby Joseph Cohen
Format Newspaper Article
LanguageEnglish
Published Don Mills, Ont Postmedia Network Inc 01.02.1999
Subjects
Dow Jones averages
Stock exchanges
Stock prices
US exports
Volatility
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Summary:North Palm Beach, Fla. 33408 JAN. 15 - The past week will undoubtedly qualify as one of the most volatile on record, with the Dow Jones industrial average losing more than 522 points during the first four days and then regaining almost 220 points on Friday, for a total range of 742 DJIA points for the week - more than twice the point range of the entire 1929-1932 market decline. Such intense volatility, and the emotionalism behind it, has undoubtedly caused a great deal of frustration for many investors who have been unsure of the market's primary trend. But our Intermediate Trend buy signal registered on Oct. 19 is still in force and, in spite of the increased volatility, the probabilities continue to point toward higher prices in the weeks and months ahead. Paul F. Desmond --- The Steve Puetz Letter 2800 Wilshire Ave. W. Lafayette, Ind. 47906 JAN. 18 - There's a big difference between true wealth derived from savings and investment and paper gains derived from massive leveraging of assets. In the United States, all of the facts confirm that it's massive leveraging that has created the granddaddy of all financial bubbles. This is not wealth creation in any way, shape or form. Steve Puetz --- The Presley Advisory 726 1st Ave.
ISSN:1486-8008