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

To: HairBall who wrote (54668)	6/20/2000 8:49:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

US trade deficit was just reported and did not even made a dent in the financial markets. The substantial higher y over y number is a fundamental negative statistic for the US economy and it's financial markets. In a way I find the ignorance of such important date quite amazing. The clowns on CNBS are more concerned to have a funny show with Regis Philbin than even discuss the $30.44 billion trade deficit. The growth of this deficit is quite astonishing and should be alarming at a 62.8% increase year over year.(116.6 billion v.71.6 billion in 4 months) The long term effect is a dilution of the dollar and now it represents over 4.5% of GDP. In other words the reported GDP growth is unable to cover the trade deficit. IMHO the policy and efforts to have a strong dollar will collapse on itself as those trade deficit levels are unsustainable and there is clear interest of this administration to downplay it. All the claims of how great the US economy is performing are proven to be wrong as evidenced by the trade deficit as those wonderful US Products are not so much in demand overseas including the services of various Snake Oil promoters. Beware of the events wen reality will step in. BWDIK Haim

To: HairBall who wrote (54668)	6/20/2000 1:06:00 PM
From: TraderXx	Read Replies (3) \| Respond to of 99985

LG..you still don't get it do you?. One would think if you have a message board that calls itself "Market Direction Discussion" that there would be equally balanced views on where the market is going, at least thats what I expect. There are some very insightful viewpoints I have read here,from some very intelligent people and I won't dispute that. But an OVERWHELMING amount of bearish messages expressing how the market is ripe for a downfall, overvalued etc. has overtaken this board, when in reality the market has been trending upwards for weeks. You guys can rant and rave about how ridiculous valuations are in this market, but in the meantime lose an enormous amount of opportunity in an uptrending market. THATS my point. You guys keep reaassuring each other that theres no way the market should be moving upwards, while shorting and buying puts. In the meantime, you've lost my man. When the time comes, then I will be shorting and buying puts as well, but please.....you guys are sounding really comical and ridiculous. TraderXx