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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.86-0.4%4:00 PM EST

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To: dennis michael patterson who wrote (36826)1/6/2000 9:55:00 AM
From: Cynic 2005  Read Replies (1) of 99985
 
<<The only fact that matters is profits. The rest is noise.>>

If that is where you are coming from, it is OK. I personally play the bubble on the long side. My approach to it is simple, "it is a bubble and I will try to play along with it. With extreme caution." That extreme caution resulted in leaving a lot of money on the table with several stocks I bought and sold in the last 2 months. I don't feel good about it but it is ok.

What I don't do is resort to self delusion that the rising stock prices will continue for ever. BTW, today the feds drained reserves for the first time in a long time. If they don't the bond market will tank further. Watch how the stock market reacts. It should be interesting.
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