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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%4:00 PM EST

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To: pater tenebrarum who wrote (25921)9/15/1999 1:46:00 PM
From: Jeffery Lakeshire  Read Replies (1) of 99985
 
>>the fact remains that most of the nutz have not yet proven that they will be able to provide an adequate return on capital and remain extremely highly valued<<

Amen. In addition, the net stock bulls are talking as if these
stocks are in an environment that cannot be affected negatively by economic or market forces. I still am convinced that the money
going to Japan and other economies will be the primary cause of the net stocks' fall. Speculation will be tamed in a big way. It's
just a matter of time. Until the day of reckoning comes, this
bear will continue to shake his head in amazement and disgust.

JL
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