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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: donald sew who wrote (12382)	4/29/1999 11:34:00 AM
From: pater tenebrarum	Read Replies (1) of 99985

Don, there was yet another guy (from the wsj)on cnbc declaring himself happy with the broadening of the market...they really seem to think that the cyclicals and small/mid caps can keep this market going at the expense of the growth stocks. IMO a terrible mistake. as many have pointed out, it's just not healthy for the cyclicals to take over. it means inflation, and with p/e's where they are, the market could be in for serious trouble. either the money rotates back soon(extremely unlikely) or a serious sell-off is just around the corner. regards, hb

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