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

To: bearshark who wrote (64221)	12/13/2000 10:03:51 PM
From: Investor2	Respond to of 99985

Re: "In fact, this period, which will probably last years, is very similar to the late 1960s and the bear markets of 1970 and 1974. Currently, I believe we are in a period similar to the 1970 time-frame. If we are, the markets will reach their lows sometime between now and the middle of 2001. Then we will have a rally to new highs in at least the INDU. After that, we will have the bear market that begins the basing period for the next multi-year bull market." I agree with your general assessment. (But I'm not confident enough about it to go to 100% cash.) RE: ".... the Governor of Texas as the next President." With an election this close, and the relatively even split in Congress, he'll have a real challenge to accomplish anything. It looks like a continuation of the "gridlock" that we've seen over the past few years. In good times, gridlock could be a good thing. (It's been good for the market over the past several years.) However, in bad times, gridlock may not be desirable. (The last major bear market occurred during bad times.) Best wishes, I2