MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

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Jan 23 4:00 PM EST

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To: pater tenebrarum who wrote (37371)	1/13/2000 10:48:00 AM
From: Les H	Read Replies (1) of 99985

Since the Fed has telegraphed that rates will continue on their gradual uptrend, I suspect that demand will continue to try to front-run the Fed. The Fed is expecting things to cool down, but if everyone knows costs are going up later they will buy now. Soon, the seasonal increase in homebuying will start and most people are using ARMs since everyone is saying that the increase in rates is temporary and will be much lower by the end of the year. There's also a sense of cashing out while the market is toppy. Today's Washington Post had an article about the many AOL millionaires who will get automatic vesting in their stock options one year after the merger as terms of their employment. This is supposed to be 2.5 billion dollar boon.

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