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

To: t2 who wrote (77653)	5/30/2001 10:31:04 PM
From: s berg	Respond to of 99985

What about 401k money. I have yet to see any discussion anywhere of the impact of unemployed tech workers. You would think that as their severance wears out (about now, assuming they are not all getting rehired elsewhere) a lot of marginal dollars automatically kicked into the market are lost. More generally, we are in the first stock market in history fueled mainly by LTBH retirement money. While we know how that behaves during good economic times (one of the major causes of the bubble) it seems to me conceivable that during periods of high unemployment that could add fuel to the fire by making downturns worst. Maybe the current period will give us a clue about the implications of the projected demographic 401k drop later in the decade.

To: t2 who wrote (77653)	5/30/2001 10:54:51 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

NV, while i was bullish off the bottom in early april, as a trader you have to be market neutral, neither permabull nor permabear and take the hints that the market is giving you and try to take your queen (sorry mithman-ggg- smooch smooch) to queen's level 4. the hints that the patterns and set-ups now tell me that the run from the march lows finished last week and now is not the time to be aggressive on the long side, there were some fantastic gains off the april lows, my account is up 70% from the april lows with minimal use of leverage - i'm sure a lot of people have made good muny in this run, not time to be greedy and try to stay to long the trend and give back this gift of bull booty, this market is not the market of 95-99. b