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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: KeepItSimple who wrote (36349)1/1/2000 11:39:00 AM
From: Rarebird  Read Replies (2) of 99985
 
I find your bullish condescending thoughts to be extremely dangerous. I expect Greenspan to raise rates a few more times at least. I see a long bond at 7.25-8% before the tightening is over. I don't expect Greenspam to continue pumping the money supply in the first half of 2000.

An attitude of I don't give a friggin hoot about rates, valuations, way over extended technicals, is bound to backfire in a very big way at some point in the forseable future.

I have no axe to grind here either. I rode the best performing Nasdaq stock of the year, PUMA, from 36 into the 90's and then more recently for over 20 points the last couple of days. This fruitcake market has been good to me. I can play King Maniac with all the other Maniacs. I can let go and hold on also when the conditions warrant it. However, I'm no fool and I know the Nasdaq is walking on a tightrope. I'd be very careful if I was you. Just when you think you have it all figured out, is precisely when you lose it all.
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