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


To: Hands Off who wrote (14007)5/14/1999 8:28:00 PM
From: HairBall  Respond to of 99985
 
Marshall Dix: Well you may not have posted before, but picked a great quote to start your contributions....<g> It is worth saying again...

Paul Volker......Former Fed Chief and alleged Inflation killer......said today that
"the US Economy is powering the world economy, the stock market is powering the US economy, and 50 stocks 1/2 of which are not making money are powering the stock market.."


The "new era" investors will not wake up to this very wise rational, until the bottom has fallen out several times and the BDT'ers can't make it happen anymore...

Regards,
LG

Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.



To: Hands Off who wrote (14007)5/14/1999 9:09:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
Marshall not so fast. the market reaction today was quite positive for the BULLS. I am not sure about Monday but if the FED stays put next week we may even rally into expiration. To much put buying in the indexes IMHO.

--- and since IBM is now a Internet stock the sky is the limit <GGG> just think of IBM with a YHOO or AOL P/E

the envy of Gerstner is obvious

BWDIK
Haim