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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: Haim R. Branisteanu who wrote (52324)	5/26/2000 9:06:00 PM
From: bobby beara	Read Replies (1) of 99985

>>>Thre FED put itself in a dangerous spot last year by not moving fast during the summer with 50bp rate increases.<<< Haim, in hindsight thats true, but nobody, even the fed, which was probably playing too careful abouty2k and misled, probably foresaw the massive bubble in tech stocks caused by it's liquidity pump. now it's trying to make up for lost time and making the same mistake as barney rubble in gork's time. it's the same ole script, they just get new actors -gg- this time is different, ho ho ho. the spx will minimum be at the bottom bull market channel by the 4 year cycle low in 002, which is in the 3 digits people. these excesses will take time to work off. b

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