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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 684.45+0.1%Dec 4 4:00 PM EST

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To: Monty Lenard who wrote (14101)5/16/1999 9:21:00 PM
From: studdog  Read Replies (1) of 99985
 
Monty:

I agree that there is a lot of complacency about this Friday's decline. Lot's of posts around the internet and in the media about the "buying opportunity" coming on Monday. No one seems to be expecting much of a selloff, and then the inevitable rally should follow. We'll see. While valuation is passe these days I can't ignore the 39% overvaluation (after Friday's close) shown by the FED/Yardeni model.

Karl
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