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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: pater tenebrarum who wrote (35201)	12/15/1999 10:48:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 99985

Heinz, you should know by now that "investors" don't look at financial statements. It's a waste of time. The only thing stock buyers need to hear is that resluts were "better than were expected by analysts" (i.e. stock pimps), and the momentum tech funds pile in. In today's fast-moving markets, there isn't time to look more detailed at the numbers on the balance sheet, and since nobody else is looking (not that they care about such things anyway), why should anyone look? The bottom line is that the stock is going up, and when price targets are met, the target is raised, and then when that target is met,...you know the song. As Cramer says, this will work until it doesn't work anymore.

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