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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.04

-0.1%

Dec 9 4:00 PM EST

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To: donald sew who wrote (4423)	1/22/1999 12:15:00 AM
From: Greg Jung	of 99985

I think you can consider a model of the internuts as some market in outer mongolia. Unrelated to any real economy, we may contribute money (payoffs from the "market" to the unscrupulous and criminal brokerages that have peddeled them) but just a side show, if a distracting one. There isn't much selling in the secondary issues. These multiples given to the likes of SUN, IBM, JBL, LU are clearly ridiculous but there isn't a general liquidation. Yesterday (Wednesday) Nasdaq closed at a record high.

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