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


To: Jacob Snyder who wrote (30111)10/16/1999 8:48:00 AM
From: Matthew L. Jones  Respond to of 99985
 
Congratualations. I knew when I typed it that someone would call me on MU <g>! You are correct regarding it's earnings, but without a doubt it is certainly a "darling" to the buying public. Acts like an internet stock and if it didn't have a two letter ticker you would swear it was a Nasdaq issue. I agree, the big names are coming down because you are not the only one who is seeing the writing on the wall and selling. RS and Momentum are dropping. The wise (like yourself) will get off before the stock stalls and then it will be too late. I think, however, that the overall market (not the big names) which is already beaten up badly will come up in 2000, IMHO. Thanks for the response. You got me on MU! Matt



To: Jacob Snyder who wrote (30111)10/17/1999 12:53:00 AM
From: TWICK  Read Replies (2) | Respond to of 99985
 
At this point, I'm not sure there is anything the Fed can do without causing a lot of pain

He could have raised the margin requirements in 1997, or 1998, before the speculation and bubble really started to get out of control. He had the power then to stop this "irrational exuberance" from ever getting this out-of-control as it is now.

Correct me if I'm wrong, we went from 30 billion dollars in margin loans (1991) to 170 billion (1999). <--- Hello Mr. Greenspan. Here is your clue to irrational exuberance.

Twick