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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%Nov 12 4:00 PM EST

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To: pater tenebrarum who wrote (41632)2/28/2000 9:06:00 AM
From: Les H  Read Replies (3) of 99985
 
<<The economy is too strong for a recession right now... The technology sector now dominates our economy... >>

What the writer misses entirely is that much of the robust growth is built on hot air. You have the robust margin debt growth in the financial markets. You have robust consumer and business debt in the private sector. You have robust growth in government spending, especially when taking into account that much of that growth of 8.4% in discretionary spending is hidden in off-budget emergency appropriations. And finally, you have the not so robust 0% Japanese interest rate and the too robust inflow of consumer goods.

Very little of it is sound.
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