MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Jacob Snyder who wrote (52669)	5/31/2000 10:03:00 PM
From: NucTrader	Read Replies (3) of 99985

OT** JMHO, but I'd keep the 25% cash position. Hard evidence that the economy is slowing is preliminary and needs further confirmation. Latest consumer confidence figures indicated consumer confidence was very much intact(I certainly don't feel that way), and I guess you saw the CNBC clip about all the shoppers in NY out spending money. If consumer spending continues unabated (the "wealth" effect) and economic numbers turn the wrong way, we're in for several more rate hikes, maybe even through August. That won't be well received by the market. Why gamble with Al this month? Make a better bet. Go to Vegas and shoot craps.

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