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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: donald sew who wrote (30722)10/20/1999 9:25:00 AM
From: Lee Lichterman III  Read Replies (1) of 99985
 
I am late for work so I will just post this quick thought. As everyone including myself looks at the near limit up NASDAQ futures and scouts for buys to ride the wave, don't lose the fact that the NASDAQ has some of the most leveraged need to borrow capital type companies that exist. This said look at the bond which is nose diving to 6.36%.

Not that fundamentals matter anymore as KIS said, as long as CNBC says to buy, the masses will buy as the follow each other off the cliff.

Good Luck,

Lee
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