MDA - Market Direction Analysis Message Board

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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: bobby beara who wrote (43214)	3/15/2000 8:14:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

Bobby: The positive outlook for "old economy" stocks applies internationally as well. Not having a major position in the old economy today and not wanting to pay up. I bought a large position in an international value fund at the close. It was down slightly today since foreign market were weak. But the US market usually leads the way, and foreign "old economy" stocks should catch up with a vengeance tomorrow. Wall Street seldom gives money away, but this kind of thing may be as close as it gets. When the US market makes a big move, you can be 95% certain that foreign markets will make a similar move shortly. It happened in tech and will happen in the old economy stocks as well.

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