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

To: KymarFye who wrote (64500)	12/17/2000 6:33:11 PM
From: James F. Hopkins	Respond to of 99985

I know what the last one did.. it waht caused the big shit in 98.. which by the way we haven't got over yet. Don't think for a minute that the broad market is up since 98 it's not Trillions of dollars have left, the S&P and other indexes are enhanced to keep the mullets from knowning the real damage.. already this year over 10% of the S&P losers have been swept under the rug and replaced. The index is held up because they re-weight the big losers downward , if the weighting had stayed the same you would really see the carnage. If you want to see some reality look at quote.yahoo.com^VLIC&d=5ym and even it is enhance some, pension funds are closed liped but they are in a crack already from the last CAP GAINS TAX CUT..it's at the heart of what has happened since 98 when they forced it -------------- Wall street don't want you to see all the stocks they have de-listed in the last two years, so they have these indexes that hide the losers, or midigate the apperent amount lost by reducing the amount of shares on the ones that fall the most. ------------- It's one reason I mostly just play the index itself I know that 85% of stock pickers have lost their ass in the last two years..that's no guess brother I know..& I have seen the accounts. The Bear started in stelth mode back in 98 with the bright idea that a CAP GAINS TAX CUT would be good.. I don't really care now..as I'm ready to pack and go I'm just tipping you off. Jim PS They built the market by having Cap Gains Tax and letting people off IF they would buy TAX free stuff or put money in IRAs..to reverse that steals years away from the benifit of the IRA.. It's betrayal of the real savers who put the market up to start with..hell they may as well take their money and go..you would if you were my age and they cut cap gains again.