MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: donald sew who wrote (14889)	5/25/1999 6:06:00 PM
From: Daniel Joo	Read Replies (1) of 99985

I suspect that we will start seeing significant selling due to margin calls after a couple of days. With new money flow decreasing, it may get uglier sooner than later unless the bigger players decide to step in (I don't see that at these valuations.) With strong consumer spending resulting in a negative savings rate and the Fed tightening, I don't see significant new money flowing into the market for a while. If the CPI number in June comes in close to the last one, the Fed will raise rates even at the risk of a market correction. In addition, Kosovo and China could take a turn for the worse.

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