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

To: Haim R. Branisteanu who wrote (42748)	3/11/2000 9:10:00 AM
From: Tom Tallant	Respond to of 99985

Haim, <<Remember elections are 7 moths away and J6P memories last about 2 to 3 months......so better get the bad news out now and ramp the stock market during summer with the "old economy stocks>> It's happened every year for the last 12 years. I have very little doubt it won't happen this year too. Watch the "new economy" hype dry up in the media as funds start unloading for the summer. It will be replaced with a return to "fundamental anaylsis." Look at companies like BDK. 15 % earnings growth per year with a P/E of 9. RMBS has a P/E over 1000 and let's not even bother with QCOM. There are way to many young investors with lots of money, a computer and no sense. It's easy money for the purveyor's of the "new order." Bottom line is...what has changed between now and 2000 points ago on the Nasdaq?...Nothing. Tom