MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

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4:00 PM EST

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To: Haim R. Branisteanu who wrote (31373)	10/25/1999 8:27:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Haim, i agree that the upgrade cycle may run into a slowdown here...for the very reasons you mention. in any case, if the 'nuclear winter' theory proposed by Hickey comes to pass, the stock market should soon begin to reflect it. hype and hope can only go so far. however, there is no conclusive proof yet that the theory is correct, only scattered evidence. but the lockdown on tech spending will undoubtedly be felt. the effect of Y2K is unfortunately very difficult to assess...we can at best make educated guesses about it. a recent BIS study seems to support Dr. Yardeni's contention that Y2K preparedness is way below the comfort level and that the negative effects on the global economy could be quite grave. regards, hb

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