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

To: JRI who wrote (69869)	2/21/2001 1:40:52 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 99985

JRI, America is in denial.I deal, as a doc, with denial everyday. The very first reaction to any disease is denial: " There is nothing wrong with me. This is not serious. It will soon pass ". America has been in denial for 10 years that we have a critical problem in healthcare. It has only been courtesy of forbearing hospitals, nurses and docs who where too king to let somebody die and throw him out on the street. We did not shut down the system like an Airline strike. America took advantage of that goodness, instead of trying to fix the problem.So that made the problem even worse and harder to fix rapidly. Now the problem is off docs, nurses and hospitals hands and is in the hands if America. The safety valve, the emergency room is now closed. Not even a Presidential edict can open it. It is too late to solve the healthcare problem now by usual means and so we will collapse, because the cots have now been passed directly to the consumer and he can't pay them because the economy is down. So he won't buy stocks, goods, cars, PCs, until his he has paid the large and getting larger healthcare bill. That will zap confidence. High energy won't help either. I agree with you: Does not look good from here.Regardless of what any technician says.This is not your old grandma's Oldsmobile any more.It is a different game now. New rules apply.Rules yet to be written. Bad weekend coming up I am afraid, TA