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


To: Haim R. Branisteanu who wrote (72383)3/16/2001 8:25:19 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Haim, i would save your money in the bank, than go long equities -g-

did you look how the CRB chart broke down, extremely deflationery, looks like it's taking gold with it.

Nobody want's to admit that nasdaq and the US 2000 is like Japan 1989 (might be denial) but most people can stretch the comparison of dow 1929 to nikkei 89, on a comparative basis the nikkei would bottom around 4-5000, what kind of collateral damage would that due to the world economy?

In 1998 we could stand the asian debacle, the economy was still humming and the bubble in the nas was a tiny bubble, now we are coming off gigantic bubble in nas, everybody leveraged up with stocks and debt going into 2000 for the new economy, in march 2000 portfolio diversification was thrown out the window, cash was trash, and everybody was in tech stocks (90% of rydex assets), and now the economy is slowing.

your corrections to the trend will give the bulls hope but be short lived, as they have been since sept, the correction to the nas trend since the massive bull trap in january have been even shorter.

b