MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: russet who wrote (25015)	9/7/1999 1:58:00 PM
From: J. P.	Read Replies (2) of 99985

I think your comparison to the 1920's is completely erroneous, particularly in your allusion that new technology does not push the market up. I believe that underestimation of this technological/internet/communications revolution that we are in the midst of may cost the overbearish a lot of potential profits in the next 10-15 years. Of course this does not account for a potential one year bear market or some temporary and violent market reactions to the downside. We'll certainly have those corrections, but I believe the longer trend is up and up very big as even more new and innovative products, services, and methods of distribution come on line. But I do agree the Fed has the power to talk the market up or down. I don't think there's a lot of money to be made betting against the Fed.

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