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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

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Dec 26 4:00 PM EST

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To: dennis michael patterson who wrote (36820)	1/6/2000 9:39:00 AM
From: Cynic 2005	Read Replies (2) of 99985

Joey said that DUNG will hit 4000. Yes he was right. But he cited the profitless enterprise (the internet sector) and other cock-and-bull stories as the reason. He doesn't even seem to have an iota of clue about monetary and credit expansion and mindless speculation as the reason for that target to have reached. Tice stated his case for this market as a bubble. He gives hard facts related to monetary and credit expansion and speculation. He also said that there is no telling how high the market can go due to speculation. He didn't give you that DUNG 4000 figure but is he wrong. He bet on the possibility the the bubble will burst and lost money. Yes, he may be wrong on that front. Instead of just stating that "he is always wrong" tell us what he is wrong about. Is he wrong about his assessment of FNM and FRE induced bubble in late 98 and early 99? Is he wrong about the bubble induced by Fed's jealous expansion of money supply in late 1999? If you don;t want to know the facts that is fine. But don't make unqualified statements without knowing what you are talking about. Alos, don't confuse bubble with brains.

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