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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: westes who wrote (51853)5/23/2000 6:33:00 PM
From: bobby beara  Read Replies (1) of 99985
 
>>>>As long as the Federal Reserve keeps its eye on the ball, this is all going to end up just fine<<<<

of course we are all speculating on future events and no one knows the outcome, but i will not heap hero worship on a man or a group of men, can engineer anything, i think this is dangerous bubbleheaded thinking that he will always be able to save the day, the economy is a pyramid scheme, if it has topped in a way it topped in 29 or 73, there is nothing the fed can do about it.

The economy is structurally different than these last two periods, this is a consumer economy, consumer spending goes up and down with the nasdaq, the charts match - get my drift.

>>>>This is no longer a panic<<<<

This is exactly what you want, panic to set a bottom, the panic on 4/14 appears not to have done it, since we are probing to the downside, the next panic will.

b
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