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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: Zeev Hed who wrote (69490)	2/19/2001 12:56:11 AM
From: Berney	Read Replies (5) of 99985

Zeev, I can only tell you that I'm on the front lines. Accountants prepare their estimates to clients based on the previous year and 1/15 was the last due date for these estimated payments. Further, clients blindly follow these "suggested" estimated payments without regard to their current situation. My preliminary analysis says that the surplus is going to evaporate. The clients did not see the capital income in 2000 that they saw in 1999, and, further, the "refund" is going to offset any estimated payments for 2001. If my preliminary analysis is correct, the budget surplus is going to vanish in April. We will see! Berney

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