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

To: Timetobuy who wrote (82399)	11/10/2001 7:08:33 PM
From: t2	Read Replies (2) \| Respond to of 99985

My reasons include the yields on money market fund along with the record levels of such funds as of this week's data. Surely, there are numerous fairly safe stocks that are a much better value than 2% adjusted for risk. That kind of value conscious investing (especially if large sums are reallocated) has an chain reaction associated with it and all stocks start moving up as a result. That is my basic premise for getting more bullish for the near term. I am very comfortable holding stocks here because there are enough skeptical analysts and managers about the current valuations and future outlooks. As soon as they all get bullish...I am out.<g> This is going to be a very interesting week. Although you noted that many predict a move higher this week, I have seen more opinions in the opposite direction. BTW--I am looking at short term moves higher and not necessarily considering what happens to stocks after even 6 months from now. I am more of a believer in the "W" recovery in which we get a big pick up in in business conditions near term, followed by some deterioration and then a major rebound. However, this does not factor into my near term trading strategies.