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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: bobby beara who wrote (47935)4/25/2000 8:20:00 AM
From: Crimson Ghost  Read Replies (2) of 99985
 
Bobby:

My comments on the financials were strictly short-term. Longer-term I am EXTREMELY bearish on this sector. The strenght we are seeing now could reflect a feeling that the Fed will not hike next month if NAZ remains weak.

Note that the buck continues to surge. Another positive for the financials. I still say a sustained bear market in the old economy is out of the question as long as the bucking bull keeps charging ahead.
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