MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: Saulamanca who wrote (57113)	7/24/2000 1:28:11 PM
From: Les H	Read Replies (1) of 99985

They bailed out Mexico in January 1995 and the Fed lowered rates by summer. The question really is how much was the market reacting to the interest rate cycle and how much to the resolution of the Mexican crisis. The bailout helped the bank stocks most as opposed to the techs and the Mexican depression helped slow down the economy here. The Asian crisis resolution appear to have helped the techs most. The main drag on the economy now is the Fed and that's questionable and the high debt levels. There's also the question of a seasonal pickup in demand for Xmas to be expected. You also still have the tax-loss selling to look forward to by September. The 1994-1995 market had already absorbed that period.

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