MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote (53708)	6/12/2000 12:57:00 AM
From: Crimson Ghost	Read Replies (3) of 99985

LG: A strong argument can be made that the bear market has not even begun yet. The Wilshire 5000 -- which Greenspan considers the beat measure of the "wealth effect" -- still is very near the peak. And there has never in history been a bear market where the financials outperformed as they have this year. Sustained underperformance by the financials will be required before a real bear encompassing the market as a whole -- and not just its most speculative sectors -- takes hold. I suspect we will see this soon, but right now the market looks like it wants to go somewhat higher this month before we start down again -- probably in early July.

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