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


To: Michael Watkins who wrote (40643)2/18/2000 2:42:00 PM
From: Michael Watkins  Respond to of 99985
 
The SP futures broke the low of the year. We are now in uncharted territory, and the trend is most definitely down.



To: Michael Watkins who wrote (40643)2/18/2000 2:49:00 PM
From: KyrosL  Read Replies (1) | Respond to of 99985
 
I think it's likely that a severe NASDAQ tank (50% or more) may cause a recession, but not much more in the short to medium term. In the long term I think we are in real danger of a deflationary wave similar to Japan in the 90's. When the enormous over-investments in internet and communications infrastructure (funded by abundant IPO money) start slowing down, a lot of people will find themselves out of work.