MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (36368)	1/1/2000 1:36:00 PM
From: bearshark	Read Replies (1) of 99985

BB: I think the INDU, SPX, and Nasdaq will be below their Jan. 3, 2000 openings at the end of the year. I see three primary issues. First, the Fed and the economy. If we had Y2K inventory buildup, it may resolve itself and the FOMC will look brilliant again. However, I think they may have more difficulty this time. Second, I expect a shakeout in e-tailing this year. How long will their capital hold out? Even Bezos said it last night. That may provide some sense of reaility. Third, we have presidential elections. Many dislike Clinton. However, he presided over the greatest wealth-creating period of my lifetime. The markets began their move up with his election in 1992. What happens when he is gone and someone not so slick is there. In 1997 and 1998, we were coming off of nice inverted H&S patterns in the major indices. This year we never formed the right shoulder on any of them. So we do not have the same base that we had at the start of 1998 and 1999.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next