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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: Les H who wrote (41203)2/24/2000 11:32:00 AM
From: Crimson Ghost  Read Replies (2) of 99985
 
This bear market in old economy stocks will not end until the new economy stocks get hit HARD IMHO. Beware all bounces until the NAZ is trashed big time.

Article from Tocqueville Asset management on why we now are entering a bear. Their essential argument is that with costs already slashed to the bone in most companies and huge financial leverage at many -- even a modest drop in economic activity will trigger big declines in corporate profits.

tocqueville.com
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