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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: Lee Lichterman III who wrote (19262)7/2/1999 11:11:00 PM
From: Berney  Read Replies (1) of 99985
 
Lee, that was a gutsy and honest discussion!

Being a student of fundamentals, there have always been two classes of stocks; those that trade on a historical perspective and those that trade on future potential. Both have their dangers, risks and rewards. The point being that we cannot "type" all stocks into a particular pattern and need to recognize that patterns change.

The bigger issue is that it is a liquidity driven market. Actually, that's just a fancy term for supply and demand. As long as demand is there, it's onward and upwards. However, I do believe that the concept will be tested one or more times this year. Americans are typically short-sighted, but the Y2K issue will rear its ugly head eventually.

In the meantime, the economy is in full gear.

Berney
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