MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

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Dec 26 4:00 PM EST

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To: Zeev Hed who wrote (80920)	7/27/2001 12:08:20 PM
From: mishedlo	Read Replies (1) of 99985

Housing looks awful, FNM is one indicator, Layoffs appear to be increasing and if John Q. Public stops spending which seem likely then we have had it. If housing goes to hell, carpet, aplianaces, everything else goes with it. Consumer confidence is starting to head back down. The only thing propping up the economy is spending and that appears to me to be ready to die, to me anyway. Will we get 2 quarters, well since that is what it takes I believe we will. Perhaps we just float around zero before it happens. My guess is that we will enter that recession as stated but they will not officially recognize it till minths later when they come out with BS well we have been in a recession but we should be heading out of it now, or some such other lies. M

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