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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.81+0.6%Jan 6 4:00 PM EST

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To: fedhead who wrote (43370)3/16/2000 5:20:00 PM
From: pater tenebrarum   of 99985
 
Anindo, i'm frankly not sure what to think. that said i bought a basket of value stocks right at the open in expectation of a continued move higher(this is the list:http://www.siliconinvestor.com/readmsg.aspx?msgid=13216960). i think however that Greenspan will hike a lot more. producer price inflation at 12% annualized (it is complete nonsense to exclude energy, which ripples through the whole economy) is nothing to sneeze at. if anything the last two days have convinced me that he will begin to get a lot less gradual...
btw, raw materials inflation is at its highest since 1974.
in any case, what counts is how the market reacts, and it's obviously like a freight train right now...
lots of short covering as well.

regards,

hb
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