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

To: High-Tech East who wrote (76138)	4/28/2001 8:54:27 PM
From: American Spirit	Respond to of 99985

I would take this bear article with a big grain of salt. When the writer refers to Fed rate cuts as "sniper attacks" on the market we know the bias. This writer WANTS the market to go down and has everything invested therein. The Fed cuts are in facts wonderful shots in the arm to our economy which everyone should want to do well. The writer also fails to mention techs have already fallen 60-99% and that the biggest tech bellweathers have emerged unscathed; those being IBM, MSFT, GE and VZ, not to mention others. It is the CSCO's of the world which are suffering but those stocks are still down near their bottoms and off 80%. Therefore whatever this writer is harping about is priced in, give or take. The writer also fails to mention that historixcally the market rallies after 3-4-5 rate cuts, and this is hardly 1929. Unemplyment is still low and the federal government has big surpluses. The dot-com madness is the only thing that's completely tanked and while it's had it effects, the internet revolution continues and is a huge mainly US-dominated business. Meanwhile some of those compabnies are down 99% and valued at less than cash in the bank. The writer also forgets the strength of the dollar and that international money flows into our markets. All in all, just the type of article I disagree with.