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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 676.41+0.7%4:00 PM EST

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To: donald sew who wrote (5399)2/4/1999 9:11:00 AM
From: HairBall  Read Replies (3) of 99985
 
Donald: I mention this since I am noticing more emotional reads in both directions, and just want to address that emotional trading is commonly not too productive.

I would like to echo that sentiment. However, I have not found to many folks contributing to this thread that have been calling for extremes. And no matter what position I take, I usually find that someone on this thread contributes a good counter analysis.

As I said in an earlier post, sometimes this thread has a leaning toward one direction or the other, but it is never close to 100%. I think that often there is more discussion of the Market going down, because many feel the valuations of a lot of stocks are extreme and in many cases fundamentals have been thrown out the window...just look at the "internuts".

By the way I saw Bartin Biggs (Chairman of Morgan Stanley) on CNN's Moneyline last night. He spoke of the Japanese interest rate increases causing money to flow back to Japan. He stated that this is like turning off the liquidity pump. He has major problems with the "internut" stocks, but I can not remember exactly what he said.

However, he is expecting a decline this year between 20 to 30%. With the Market ending the year down 5 to 10%.

Regards,
LG
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