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

To: Casaubon who wrote (56656)	7/16/2000 1:11:02 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

Well let's see what happens this coming week. Will we have a continuation and broadening out of a summer rally or one more sell-off into it? The economic news mainly looks good and forget about rate hikes for six months or so. But sometimes the market seems to have nothing to do with value or fundamentals and everything to do with trading momentum and popularity contests. One thing I know, for the general public there are no better places to put your cash to work than the stock market. At least that's the perception. Bonds probably won't move anytime soon. Real estate is fine but peaked in many markets. Money market interest low. No wonder brokerage stocks are strong now. I can see the next two weeks being strong before an August-September slowdown. There is usually a rally after a presidential election. Gore winning would help the market as we stay right on track. Though Bush would rescind inheritance tax and that would be a plus for well-to-do investors who can keep their money in the market much longer term. I'm either going to sell in a week or two or ride it out longer term with beaten down computer/software/telcos which should rebound nicely by the 4th quarter and beyond. Some retail bargains should do nicely as well.