MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Boplicity who wrote (78400)	6/11/2001 10:51:28 AM
From: KyrosL	Read Replies (2) of 99985

I think the economy has a lot further to fall. The current slowdown is due to business investment collapse, following an orgy of business overinvestment during the nineties. But in the nineties the consumers also overindulged buying cars, houses, durable goods and charging a lot of it. Consumer spending has not dropped yet. When it does, people will realize that the economic slowdown is far from over and that it will morph into a serious recession later this year. Markets typically bottom in the middle of a recession. I expect that to be sometime late this year or early next year.

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