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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.930.0%Nov 14 4:00 PM EST

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To: SBerglowe who wrote (50059)5/9/2000 11:50:00 PM
From: jmootx  Read Replies (1) of 99985
 
Susan I have coined this bull market as the 'Big Easy'.
Almost every investor with money in the stock market since 1988 has come across the big easy. The big easy is a form of artificial intelligence (false intelligence) one rationalizes from big stock gains and little market experience. It has been the big 'ugly' to conservative money over the last five years, making even the strongest voices weak in recent years.
I will not believe the big easy is over until we BREAK THROUGH the old April lows on strong volume. Then a rally from those lows to about NASD 3800, by which time the financial community will have reports fearing the Fed went too far, not far enough, not fast enough, etc. and the ultimate confidence in Greenspan is put in check. Depending on when the inflation bomb really hits, will be the end of the big easy.
Term limits on Fed Chairman may indeed be one of many lessons learned from this bubble.

jmootx

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