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

To: Jerry Olson who wrote (8771)	3/23/1999 9:42:00 AM
From: dclapp	Read Replies (1) \| Respond to of 99985

>> except people are wealthier today than ever before...and getting richer... they better be!...personal savings is at an all-time low; personal debt is incredibly high! I'm not sure how people can be "getting richer" when corporate earnings are declining, the farming sector is damn near bankrupt, and so on... >>you know the buy & hold crowd??? no sellers Doug..NONE!!!! um...gee...doesn't the A/D line show that they are more sellers than buyers for most stocks??? Isn't that why the line is going down? Because people are selling??? You must mean the "buy & hold crowd" in the few stocks (fewer all the time) that are going <<up>>, right? :-) >> i look at my long term portfolio...the past 5 years have been amazing...simply amazing... It's said that people "don't learn from history." In fact, they do; they learn from "recent history," as you have. That's why markets always get overvalued over time: people learn very well that "it always goes up," and have visceral experience to base that conclusion on. >> buy the dips-crashes-corrections----and only buy the stocks that are going UP<g>.........:>} Some people always will do that. Sometimes they're not in the majority :-) As is the case in the majority of stocks, which continue to trend down. Finally, isn't "only buy stocks that are going up" and "buy the dips," etc. kinda...ah...contradictory?? Or do you mean "buy up-ticks on downward trends on the expectation that the downward trend will end"?? If so, that's a bit different, eh? doug

To: Jerry Olson who wrote (8771)	3/23/1999 9:44:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Jerry, >>>>> except people are wealthier today than ever before...and getting richer.. <<<<<< There are many that would argue with you on that issue. In finite figures I believe you are right, but on relative terms, the rich are getting richer and the poor are getting poorer. Please note that I did differentiate between finite and relative comparisons. Is it enough for social unrest - nah, so the U.S. no big deal. Im not saying that the lower classes have not improved, they have a little but not as much as the upper class. Is the middle class really doing better, with plastic money and increasing personal bankruptcies, Im not sure. I guess it can be argued both ways. Again - YES,YES,YES disposable income has increased, but does it really mean they are wealthier. seeya Seeya