MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: American Spirit who wrote (16218)	6/7/1999 12:08:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>. So much for inflation. << I suggest you take another look possibly starting with what has been happening in the CRB lately. Wheat, Beans, cotton yu name it has started moving back up for the first time in years. I am no commodities trader and I won't go on a limb and claim that it isn't a temporary bounce but they all started up recently which is unusual. Take the tightening labor market numbers and I think stagflation will be a sure thing. Profits will drop as the internet pressures margins while cost of production moves up due to higher raw material costs and tight labor takes it's toll. On NPR they were interviewing a few economists who stated that companies were afraid to cause waves because they knew that the employees could just walk across the street and start working the same day. Not a good thing for ASPs. I have to agree with the few posts that stated a rally could happen but it won't last long. In other words the short termis cloudy but the mid to longer term is pretty clear and and it is getting closer and clearer with each week. Saw some work this weekend from another poster here that showed this rally Friday was already trying to get narrow and this before the rally even got going. Yeah right that is bullish. If you play the long here, I wouldn't leave the house and I would have the broker on speed dial and have a campfire and blanket for smoke signals handy incase of a power or phone outage. <ggg> Good Luck, Lee EDIT - I am not as bearish as I may appear on this thread. To clarify my position, I have beennoticing a slowing of the growth in stock prices. I am starting to leanheavily toward a scenario where we drop a little and then stay ina generally sideways trend for an extended period until earnings either catch up or it becomes apparent that they won't catch up toa level where current prices are justified inwhich case, we could have the BK. As for those that think we will rally hard here. I was VERY VERY confused this weekend due to every bearish chart I saw having a bullish twin. I have resolved that by applying the KISS (Keep it simple stupid) principle. This is notthe time frame for huge rallies. As someone here already stated, we are approaching earnings warning season, the Fed is about to meet and we already know that they are leaning to a tightening direction. If the market were to rally it would pretty much give themthe added incentive to cool things down. Anyone else notice that DELL has started advertising heavily lately. Are they panicking to get more sales as the quarter drags on??? They even sent me a mailer and I have never even visited their website muchless ordered one of their over priced machines.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next