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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: bobby beara who wrote (20659)7/20/1999 11:58:00 PM
From: American Spirit  Read Replies (1) of 99985
 
I'm actually contrarian being bullish after today's media onslaught of pessimism. We are right now in the strongest economic environment in recent US history. even though the market has come a long way we are also in the midst of the internet revolution not to mention the stock-trading revolution. There is simply nowhere else people want to put their money right now. Earnings are very good. No inflation, unemployment, international crises. Could change, but for now, enjoy it. I believed we needed this sell-off today seeing MSFT hit 100 so quickly. Now we have a rational pullback and many juicy buys are presenting themselves.

PS - The words I posted were not mine. But these are.

PSS - If you are short the market I'd be ready with a quick trigger finger to reverse course. IMHO of course. No one really knows until it happens.
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