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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.83

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Dec 22 4:00 PM EST

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To: bobby beara who wrote (51588)	5/21/2000 11:49:00 PM
From: westes	Read Replies (1) of 99985

Excellent point about the speed of information: in 1929 everyone was slow to realize that the economy was in a downcycle. Of course the counterpoint is that it was too late by then even if the information had disseminated. The Fed needed to act on that market in 1928 and it lost its chance to alter history by delaying. I also agree 100% about the potential for a surprise from OPEC. I am so GD pissed at the failure of American leadership in the 1970s to deal with the oil situation by making other forms of energy more pervasive and economic. We had 30 damn years to deal with this situation, and we have failed utterly to control our destiny. The free market was never our friend with oil. It was only the dispenser of moments of good luck. It is also the dispenser of moments of agony, and it's only a matter of time.

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