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

To: HairBall who wrote (25171)	9/8/1999 11:17:00 AM
From: dclapp	Read Replies (2) \| Respond to of 99985

LG, re: "banging the drum of worry"... I've been bullish for years and only recently bearish. And done quite well, thank you :). There are times to be bullish and times to be bearish. With rates still trending up, the dollar trending down, inflation (yes, indeed) rising, y2k coming, a fed worried about asset values etc., a bearish position makes vastly more sense to me at this time. As Bollinger said yesterday on cnbc (a near exact quote): "Only a total idiot would be completed invested long in this market." There is "banging the worry drum" and there is simple blindness. Mr. Patterson's "quote" on his personal info page reads: "The more you know about the market, the harder it is to make the right decisions." Unless that's tongue-in-cheek, I can't imagine a statement about the market that I would disagree with more.... doug