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

To: pater tenebrarum who wrote (32862)	11/8/1999 6:47:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 99985

I am quite certain that from now until the end of this year, the Nasdaq will never close negative for the day. The 401k money that pours in every month is an UNSTOPPABLE force. It goes into stocks, period. It is the foundation of the pyramid scheme- and until demographics change such that fewer people are earning incomes, there is no end in sight. The analyst community will NEVER urge caution. Their job is to sell stocks, because that is how their firms make money. How the term "analyst" ever came about is something i'll never understand. Does your local car dealer refer to himself as a "car analyst" ? No, he is known as a salesman. He will never say anything bad about the cars on his lot. It is his job to sell them. If you need a bigger example, just look at microsoft today. Every single analyst that covers them either raised their price target, reitterated a strong buy, or simply said "buy the dip." If a government finding of gross monopolistic criminal activity is not enough to give pause to those analysts- nothing will. Anyone short ANY stock in this market is insane. Stocks are not going to go down appreciably this year. Perhaps they never will until the whole economic system falls apart.