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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 98.25+3.4%Jan 9 9:30 AM EST
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To: Sam Sara who wrote (8441)6/26/1999 6:09:00 PM
From: MarX   of 28311
 
How do you think this "wise old owl" got his grey hair? could be worse - still have hair. I bot my first shares while in college in 1957. There is seldom a time when the worries you discussed are not present. I am reminded of Charles Allman, a mutual fund manager who became very bearish before the 87 "crash", and has never changed his position since. He has felt the market was overvalued ever since. He has always been a good stock picker, so since he was negative on the overall market, he limited his investment to 20% of his fund assets for years after 1987 and achieved very respectable results (even though the SEC forced him to drop the word "growth" from the name of his mutual fund on the grounds that investing 20% of assets could not possible be a growth strategy. So you might apply this type of strategy until things sort themselves out a little better.

Right now, I think the stock market is at the mercy of the bond market. What will the Fed do? .25 rate increase? in the market already? .5 increase? series of cuts? The answer lies with Greenspan. A little publicized item I heard Friday is, in my opinion, very important and bullish for the stock market. It is well known that AG would like to be re-appointed for another term in Sept. of 2000. Clinton would defer to Gore's wishes. This report I heard Friday was that both Gore and Bush stated that they would re-appoint him. He's not going to risk not being re-appointed by messing with the golden goose that is so responsible for the economic success of the 1990's.
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