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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: dennis michael patterson who wrote (37114)1/9/2000 10:06:00 PM
From: dclapp  Read Replies (1) of 99985
 
>> if the LU blowup cannot tank the naz, nothing will...

LU is an isolated case?

How soon we forget that IBM said that it would have ZERO profits this quarter. Earnings -- even for those companies which have them -- are rising at a fraction (if that) of their share prices.

This bull market, supposedly, rose on the back of rising earnings and declining interest rates. Take those away and only momentum remains.

Please have the good grace to blame nobody but yourself (I know, it will be hard) when the inevitable happens to this market.
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