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

To: Jill who wrote (46657)	4/16/2000 2:24:00 PM
From: Michael Watkins	Read Replies (3) \| Respond to of 99985

Whoa! I'll depart from you there. I don't see doom and national ruin ahead. Who said I do ;) My thinking is very simple. Its been a bubble. It takes a while to unwind excesses from a bubble. People need to go back to being productive and not checking their stocks every ten minutes on company time. LOL A return to sane valuations is not "doom and national ruin" ahead. At the same time, 25% returns year on year are not normal either. One way or another, things will move back to historical norms. Now seems like a good time to finish the process. A quick downdraft hardly seems like enough to complete the process, things will have to grind a lot, in my opinion, before the market will be "healthy" again. The worst thing that could possibly happen is a return to the spectacular gains of say just a few months ago. Having said all that, I am nimble and will buy or sell as the charts dictate and I will not act on my musings...