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


To: Crimson Ghost who wrote (60415)10/11/2000 6:06:25 PM
From: Haim R. Branisteanu  Respond to of 99985
 
George I am more then happy to be right for a few days. Longer term I am clueless <GG>

Haim



To: Crimson Ghost who wrote (60415)10/11/2000 6:30:42 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
"But Dow and value stocks still have not broken very much; I doubt the market can bounce significantly until they come down quite a bit more."

Then is it a coincidence that value stocks bottomed exactly when the Dung topped in March?



To: Crimson Ghost who wrote (60415)10/11/2000 6:55:43 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
George, you should be negative on financials.

As an example in the Junk bonds area, Fed Mogul bonds went for around 0.40 last week, today no one wants them at 0.32, that is a 20% drop in one week. For fixed income it is a huge drop.

Now imagine if they need to mark to market all telecom paper!!!

Haim