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


To: pater tenebrarum who wrote (35860)12/23/1999 12:09:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
>>great technological revolution is taking place and is here to stay. many of the tech growth stocks deserve to trade at premiums<<

Yes but those aren't the ones flying high.

Andy Sewer was just on CNNfn stating ISP providers that used to charge 20 a month are switching to free service ONLY BECAUSE the free providers have higher stock valuations.

MU reported yesterday that PC DRAM sales were weak because demand for PCs was weak, especially from Business and governmnet orders. Result, DELL up 2 1/2.

EMC is getting hit by a law suit from IBM for patent infringement this morning. Result EMC just made a new high breaking 100 for the first time.

Bond is selling off again with the 30 yr rate up to 6.457%. Result, DOW and NASDAQ making new highs.

A Sisters Investment club was on CNN this morning and wanted advice on their portfolio since it had more losers than winners. When told to sell the losers, She stated that they hated selling since it was depressing but "Buying stocks is fun".

Absolutely UFB!!!

Good Luck,

Lee



To: pater tenebrarum who wrote (35860)12/23/1999 12:48:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
The liquidity pumped in by the Fed, closing on $ 100 B, is more than twice the mutual fund inflows during the same period. Credit expansion is 21 percent for this year for an economy growing about a quarter of that rate. This may also be understated in that debt is a multiple of GDP and not a fraction thereof. Guess where the excess goes.