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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%Nov 26 4:00 PM EST

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To: HairBall who wrote (25171)9/8/1999 11:17:00 AM
From: dclapp  Read Replies (2) of 99985
 
LG,

re: "banging the drum of worry"...

I've been bullish for years and only recently bearish. And done quite well, thank you :).

There are times to be bullish and times to be bearish. With rates still trending up, the dollar trending down, inflation (yes, indeed) rising, y2k coming, a fed worried about asset values etc., a bearish position makes vastly more sense to me at this time. As Bollinger said yesterday on cnbc (a near exact quote): "Only a total idiot would be completed invested long in this market."

There is "banging the worry drum" and there is simple blindness. Mr. Patterson's "quote" on his personal info page reads:

"The more you know about the market, the harder it is to make the right decisions."

Unless that's tongue-in-cheek, I can't imagine a statement about the market that I would disagree with more....

doug
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