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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 677.48+0.3%Nov 5 4:00 PM EST

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To: Les H who wrote (61742)11/2/2000 6:57:27 AM
From: Gary Burton  Read Replies (4) of 99985
 
Don Hays said this week---oil will stay strong (maybe>40)---world recession coming, incl US (much worse in Asia/Europe)---US$ will stay strong and weak euro will create havoc--Naz Comp may test 1800-1900! next 8-10weeks to end phase 2 of Bear, final phase ends maybe late next year at maybe 1000-1200!---Long Bond 4% by Oct2001, 90day tbills 2% and will stay there for much of the next 8-10 years--8-10yrs of deflation to get rid of Greenspan excesses (he blames G for what's coming)------For those who aren't familiar with DH, he is NOT a crackpot or a permabear and he has an excellent reputation on WS for his insight, which makes the above all the more chilling as there may be some validity in it...fwiw
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