MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: bobby beara who wrote (35412)	12/19/1999 12:54:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 99985

bobby, I think the main reason why fundies are so content to keep buying right now is, they know the game will end soon, so they've been making hay in the big-tech obvious names while they can. The fact is, the Nasdaq won't be going up 1% per day on average for too much longer. As much money as there is out there, I don't think there is enough to make the Naz go up ~+250% in Y2000. I just don't think the bubble will get that big. I don't think anyone has the money nor the cajones to bid it up that high. So, the Naz corrects nastily next year (am not guessing extent); I'm betting on Jan. 2K.

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