Investment Figures Of The Week

Stocks hit a brick wall, despite surprisingly strong third-quarter earnings. 
      The reason: surging interest rates and fears of more to come. Especially 
      disturbing to the bond vigilantes was that Fed Vice-Chairman Alan Blinder in a 
      television interview said Fed tightening so far this year had failed to slow 
      the economy. Still, inflation seems muted, and the price of gold is no higher 
      than it was a year ago.  The technical indicators shown on this page all read 
      positive.  So if rates retreat a bit, the market could really rally.
      
      
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