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To: DaveMG who wrote (45052)10/17/1999 9:57:00 AM
From: limtex  Read Replies (2) | Respond to of 152472
 
DMG -

Well all the macro data don't look improving. Lets put it that way. Sounds better than bad and the macro data is in fact not bad.

After all if there is a real turn around in Europe and Japan well a huge number of US companies are going to be amon the first to benefit from those improving markets. In fact they shouuld thereby be helped to tunr in even better numbers the more we get into it since the $ is depreciating against the Yen and the Europena currencies. That should help US companies even further.

Now as regards all these charts, well what should we calculate or is indicated as a bottom?

+9,000
OR
+8,000
OR
+7,000
OR
+6,000

There must be an idea as to waht is a sustainable bottom. I have heard 9,300 on the Dow but then there is the NAZ?

Best regards,

L



To: DaveMG who wrote (45052)10/17/1999 11:11:00 AM
From: MileHigh  Respond to of 152472
 
MileHigh,

Good stuff, we will see about the current debate over a V shaped climactic bottom or more of a slow burn decline. I see more of a slow burn decline, things feel different this time.

I have bookmarked your site. Thanks.

MileHigh



To: DaveMG who wrote (45052)10/17/1999 7:52:00 PM
From: cfoe  Respond to of 152472
 
Thanks for the charts. I do not understand the math (of things like the VIX, for example). But the picture the charts paint is not pretty.

If market goes down while earnings are looking good now, it would seem to indicate that investors are concerned for the future. Y2K? Permanently higher interest rates? Recession?

IMHO, the ace in the whole for the market in 2000 is the presidential race. If things are looking bad for the economy, Clinton - I will do anything to win this for Al and establish my legacy - will propose a supply-side tax cut that would make Reaganites smile.