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


To: pater tenebrarum who wrote (11991)4/25/1999 8:37:00 PM
From: Terry Whitman  Respond to of 99985
 
I haven't read the article. Too busy out enjoying the springtime, putting in lots of miles on the 10 speed. I noticed that about every 5th house or farm was For Sale- and scores of new housing developments and lots. Don't know where all the money is coming from.
I suspect it is mostly new money and overwhelmingly mortgaged.

BTW- The large national magazine cover story is indeed a time tested contrary indicator. That one may not be strong enough though. Perhaps a future cover of Time- "Bull Market Victorious- Bearishness extinct." with an illustration of a Bull stomping a hapless bear cub into road kill.