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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Gary Wisdom who wrote (18998)	6/30/1999 8:38:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

Gary, once I was keeping track of new IPO's and debt offerings. I am sure that those 6.7 billions pale versus the stocks and bonds printed. Not to mention the market rise. calculate how much it take to add at those levels 10 SPX points or 10m NAZ points. We are at valuations of 135% or 140% GDP this is no small change. Now how much of this is on credit?? Haim

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