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

To: John T. who wrote (21620)	7/31/1999 12:38:00 AM
From: James F. Hopkins	Respond to of 99985

Thanx John; You found some I didn't have, looking at the dollar and back a year ago when I did Message 5214259 and the S&P hit 1186.75 , well today it's up to 1328.7 for a 11.9% gain in just over a year Now if we take the loss in value of the dollar during that same time frame 3% , then relatively speaking it's up 8.9% in just over a year..and less than 10% of the mutual funds have done that good or better, and about 40% are actually DOWN..but all the gurus and news pundits wont use apples to apples and prefer to dress things up by taking off from some low point or leaving out the fact that the dollar is really worth less than it was then , hence the dollar backed assets should have that adjustment made if you want to see just what a Great Bull market this is. They always tell you FUND so and so is up, but don't point at the ones taht are losers. Every body even CreemSpam is so impressed with our great bull market..when they wake up and figure out that in a year it only truely went up 8.9% they might decides to sell, or buy bonds and if so it won't take long then to look back and say holy Moses we were higher than this two years ago. I expect the pundits on CNBC will then act even more like pimps than ever and treat it like it's NEWS. Jim