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

To: HairBall who wrote (40651)	2/18/2000 3:17:00 PM
From: HairBall	Respond to of 99985

NYA (NYSE Composite) is back in the area where prices were last Oct. Regards, LG

To: HairBall who wrote (40651)	2/18/2000 3:32:00 PM
From: KyrosL	Read Replies (2) \| Respond to of 99985

LG, you may be right. It's hard conveying a position with some shades of gray. I expect that the rapidly maturing communications and internet infrastructure will cause a severe bout of deflation because of the enormous dislocation it will cause in the service economy. This is a long term expectation -- next five years. In the short term (next few months), I think the high tech bubble is going to burst, but I don't think the overall market will follow the techs. And I don't think the tech bubble bursting will affect much the overall economy -- perhaps it will cause a mild recession but not much more within a year or so.