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Strategies & Market Trends : The Art of Investing
PICK 52.34+1.9%Jan 2 4:00 PM EST

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To: Lee Lichterman III who wrote (779)9/14/1999 7:59:00 AM
From: jttmab   of 10719
 
Lee,

It's possible that the whole mania/burst could really end with a wimper. A 12% market hit with some sectors, i.e., the nets, getting what they deserve; some overvalued but true growth equities taking an additional hit. The markets then trade sideways while revenues and earnings catch up with the valuations. The market as a whole hasn't really been in a mania....it's been, proportionately, a few equities as shown by the A/D divergence.

Best Regards,
Jim
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