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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Topannuity who wrote (17380)	6/15/1999 9:37:00 AM
From: pater tenebrarum	Read Replies (1) of 99985

Topannuity, why should a crash in the nutz scare us? whether some of the leaders will prove to be good investments decades from now is not relevant to the recognition that this group is toast in the short to medium term. while they all have come down considerably from their highs, they are still the most expensive stocks the world has ever seen, even at current levels. what's happening now is called reality check, bound to continue for a good while yet. regards, hb

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