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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST

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To: KymarFye who wrote (66239)1/8/2001 2:42:02 PM
From: Tunica Albuginea   of 99985
 
OT/OT/Kymar Fye, I think that current " malaise " in the market is politically related.
At a time of great changes in the markets, energy, inflation worries etc,
when we needed a firm guidance at the helm to direct the Nation,
we did not have one.

Instead we had/have

-Fed inability to intervene earlier with rates
-previous excessive liquidity

( both errors by Greenie for y2k )

-A prolonged painful election
-A lame duck President
-A Congress in transition
-A divided Nation

In my opinion we are near term oversold.

However this has wrung out significant optimism and
should serve for a nice base building.

If Bush's future guidance changes the ways games are played
in Washington. the 3rd leg down in the market could be averted:
We need

-spending cuts
-tax cuts
-entitlement cuts
-deregulation
-decrease litigation
-changes in energy policies
-change in immigration laws and allow seniors to
work and lower their taxes to pay for their benefits.
-eliminate Medicare-funded million dollar funerals for
seniors with terminal, ( death certain within 1 - 2.5 months ),illnesses.

I also believe that Bush with Congress' cooperation
and good will can achieve the above .

Not having your brain between your thighs
during work hours also helps.

This is a far stronger Nation than may appear at first glance,

TA
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