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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: bobby beara who wrote (42498)	3/7/2000 4:18:00 PM
From: RocketMan	Read Replies (1) of 99985

I'm tending to agree with you bears for the near term. I have lightened up considerably over the last month. I'm about 50% cash now. With the warnings season starting, with oil prices going higher, with AG on autopilot to raise rates, with the divergence growing, and with even productivity gains being discounted, I just don't see a lot of upside from here. I'm still bullish for the next 5-8 years, but this year and perhaps part of next is in the tank. Of course, when bulls get bearish, we must be near the bottom. Where's that clown's thread? :-)

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