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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (18502)6/24/1999 7:48:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
It's over, sell EVERYTHING :)

biz.yahoo.com



To: pater tenebrarum who wrote (18502)6/24/1999 7:54:00 PM
From: Michael Watkins  Read Replies (1) | Respond to of 99985
 
Heinz: the market is in need of a hefty correction. the question is only, when will the market do what everybody rightly says it needs to do.

I fully agree but wonder who "everybody" is that is saying that things are overvalued. You wouldn't get that impression from most of the press and particularily the TV news clips on the market and particularily CNBC.

Something else to plot some rainy day - the most ridiculous "reasons" given for weakness or strength on any given day.

EDIT: There are plenty of sane commentators. I just don't think most of the public (and perhaps much of the professionals too - there's a reason why I got out of mutual funds after all) hear much reality in the popular press.

I have examples of J6P-blindness amoung my friends and coworkers. They have all been bred to buy and hold, hold for the long term, things always go up. Even one person - extremely bright man - I took as a special case and have been trying to educate on simple things like trend lines, relationships between various market and monetary components - he still goes long all the time these days. Its a diseases I say!

Best regards
Michael