MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: StockOperator who wrote (39681)	2/10/2000 10:45:00 PM
From: bobby beara	Read Replies (1) of 99985

SO, the CWX is just breaking out, i think there is some gold to mine in software internet infrastructure providers like orcl still on this leg up. this is a rotational market, the sucker finds a new group to rotate into and power up, continuing the rally. but this "new economy" stuff rolling off everyone's lips is a bunch of hooey. This is late stage bull market behavior, the bluest of the blue chips are no longer going up, the only thing going up are speculative issues. I'm hearing even the most staid of stock market analysts jump on the 'new economy" bandwagon. I think they all are selling the gillette or procter and gamble to buy stocks with no track record and no earnings like cmrc. b

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