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

To: Terry Whitman who wrote (28449)	10/5/1999 4:02:00 PM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 99985

Good Point but there is no fear period. Look at what is happening right now. If I were AG, I would come back out right now and say, "OOps, I read the wrong note, I meant we are raising 50 and have gone to a further tightening bias." <NG> This is a slap in the face to the Fed. Nothing is going to take the exuberance out of this market other than a stern atomic powered kick to the groin. I quit trying to trade this thing. This country is in for a world of hurt when the day comes and I am sorry to the bulls but I will not have one ounce of pity for anyone who loses thier short when it happens. They say fundamentals always win in the end but I am starting to seriously wonder. If this isn't irrational exuberance, I don't know what is. I can not believe that we are rallying into the close inthe face of this. Balmer was right, absolutely absurd!!!! Good Luck, Lee PS - I am ticked off due to fundamental reasons and have no position in the market due to my work schedule but this is ridiculous and therefore I am more ticked off than if I had just bet the wrong way and lost everything I own. This isn't a stock market, it is a casino where if the dealer has 21, you can still win.