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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Jorj X Mckie who wrote (3356)	1/7/1999 12:39:00 PM
From: TechTrader42	Read Replies (1) of 99985

I had you pegged for a bear. No, I'm not a bear. I'm of the opinion that this market will go up forever. It's the new paradigm. If there are no earnings, or if they're disappointing, we can simply base valuations on estimates pushed farther and farther into the future. Frankly, I think AMZN is way undervalued. I think it's a steal at 160. After all, 160 seems much cheaper than 480. I think all stocks should be required to split now, so the market can attract even more buyers. For the next wave of buyers, I suggest IPO's in soup kitchens -- maybe even Internet soup kitchens, which would allow one to never enter the real world. For a dime, soup would be delivered to your door. It would be a virtual-reality Great Depression. We'd never really have to face up to it. Brooke

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