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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: bobby beara who wrote (68630)	2/6/2001 10:55:16 AM
From: seminole	Read Replies (2) of 99985

Interest Rate hikes slowed the economy and decreased the present value of cash flow (earnings) from companies in the $COMPX. What has occurred in the NAZ over the last four months is the result of interest rate hikes. The effect of rate hikes took nine months to be seen in a slowing economy. Interest rates matter more than wiggles on charts, IMO.

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