Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HairBall who wrote (53365)	6/8/2000 10:06:00 AM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 99985

CORRECTED,LG, I think we are going down from here. The Bears HAVE thrown in the towel -aside from B.Wien and B.Briggs, -the Big One is Merrill. I am describing their pick of H.Blodget. He continues to recommend money losing dot.coms. Rising interest rates in Europe and Japan will not help bring in cheap goods and keep our inflation down. I am very concerned about Healthcare: -the baby boomer higher spending on healthcare will be a drain to the economy because it is non-productive.ie, 1000 negative CAT scans for your headaches will only serve to pull money out of equities, which at least in the past acted as currencies for companies to invest in promising start ups. Tha tmoney will now be less because it is going into healthcare. -retirees may have to start selling stock in their fat pensions because Medicare is covering everyday less and less of the costs. Meanwhile costs are slowly climbing out of orbit. Finally looks like if the Market goes up, there is no way that Alan will be reassured that " The Wealth effect has disappeared ". I believe we are in The Distribution phase of the Market: Institutions bought at Naz 3200 and are now recommending " buys " at 3870, PMCS at 190 ( 3 days ago ). Why didn't they recommend PMCS when it was 138? And finally we need to separate" " Internet Time " from " Economy Time ". The 2nd is much slower. It will take some time to see if this giant tanker is turning around. It may not, ( yet ). BTW, Gasoline is $2/gal in Chicago today, Just my 2c TA