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


To: long-gone who wrote (34121)11/24/1999 3:07:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Richard, i would normally agree that the utter complacency evident in so many sentiment related data and the opinions related by the 'experts' would be a reason to be very concerned. however, the Fed is simply inundating us with mountains of money, and as long as that continues, we can in theory go higher. unless of course there are no takers for the money anymore. however, the banking system is on track to increase it's reserves by a 46% annualized rate. we are witnessing a credit and asset bubble of never before seen proportions. of course no-one knows for sure when and for what reason it will unwind. my guess is it will be a small thing that will finally shake confidence enough, something that will only in hindsight be identified as a trigger.

regards,

hb