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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Les H who wrote (65113)	12/23/2000 2:18:34 PM
From: marginmike	Read Replies (1) of 99985

LES one good day and everyone is talking soft landing again. Man do I have a bridge to sell you! I am 99% cash now, scared of ST rally and scapteical of its possibilities. Almost bought the close on Thursday, but didnt. It was stupid, I knew the bearishness was way to thick. I believe Recessions are great ways to become richer, and would rather be conservitive then churning my acount. I am amazed that people are still in denial that there will be a recession. It freightens me. My dad on thursday was singing the blues and by Fridays close he was already bullish again????? I will reload puts at naz 2750-2850. I am shorty the banks now but I may be early to that party.

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