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

To: Wayners who wrote (70013)	2/22/2001 12:32:51 PM
From: JRI	Read Replies (1) \| Respond to of 99985

Of course, the market is smarter than us all...but I find your comment interesting, given how the Dow, S&P are now flirting with some pretty dangerous technical level (and breeching them intra-day).. Its pretty hard to argue against some "flight" money from Naz to Dow over the last few months having occurred....once that "insurance policy" gets unwound...maybe we'll get a truer picture...but I find it amazing that IBM is saying they are not going to feel the slowdown in profits that almost every other tech co. is...and what happens to the financials...when bad loans start getting recognizes, the IPO market is lame, and likely no increase in trading (y-o-y)... Coke is certainly not a value, either....and the pharmas are pretty darn bloated too...