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

To: KymarFye who wrote (66239)	1/8/2001 2:42:02 PM
From: Tunica Albuginea	Respond to of 99985

OT/OT/Kymar Fye, I think that current " malaise " in the market is politically related. At a time of great changes in the markets, energy, inflation worries etc, when we needed a firm guidance at the helm to direct the Nation, we did not have one. Instead we had/have -Fed inability to intervene earlier with rates -previous excessive liquidity ( both errors by Greenie for y2k ) -A prolonged painful election -A lame duck President -A Congress in transition -A divided Nation In my opinion we are near term oversold. However this has wrung out significant optimism and should serve for a nice base building. If Bush's future guidance changes the ways games are played in Washington. the 3rd leg down in the market could be averted: We need -spending cuts -tax cuts -entitlement cuts -deregulation -decrease litigation -changes in energy policies -change in immigration laws and allow seniors to work and lower their taxes to pay for their benefits. -eliminate Medicare-funded million dollar funerals for seniors with terminal, ( death certain within 1 - 2.5 months ),illnesses. I also believe that Bush with Congress' cooperation and good will can achieve the above . Not having your brain between your thighs during work hours also helps. This is a far stronger Nation than may appear at first glance, TA