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

To: RocketMan who wrote (45265)	4/6/2000 8:23:00 PM
From: pater tenebrarum	Respond to of 99985

RM,<<I think this correlation is not per se cause and effect, but rather driven by the boom-bust cycle. >> i agree. <<There is too much bearish sentiment at the moment for that to happen.>> i'm a lot less certain about that. no credible panic bottom has occurred. the objective measures of sentiment like put/call ratios and Rydex ratios have barely budged. while the downturn in the NAZ was disastrous and scary for many, the subsequent recovery has probably cemented bullish sentiment even more. of course the bears have become more vocal... <<My bet is that AG's interest rate hikes will continue and force a recession>> i agree. <<We need a good shakeout for a few quarters.>> absolutely. we need a return of sanity. regards, hb