MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: fedhead who wrote (8859)	3/23/1999 7:39:00 PM
From: bobby beara	Read Replies (3) of 99985

>>.All the bears in this thread could someone guess as to what the catalyst will be that will make this market correct significantly.<< extreme overvaluation panic buying techs and internets record level of public participation in markets (weak hands) rising interest rates declining earnings worldwide recession y2k 5 digit psychological barrier record bullish sentiment Dent "Long Boom Ahead" on the best seller list. (hint the long boom is behind with the two extended business cycle expansions created by the boomers, which are aging and getting creaky now -g- I am) i could make the list much much longer. when the market gets this overbought, it only takes a slight blow from the northwind to get humpty dumpty of the wall. bb

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