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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Voltaire who wrote (1341)9/14/2000 6:38:43 PM
From: sam   of 65232
 
I agree. The "smart" money on the street is forever trying to frighten us out of growth and technology and into the "quality" names. Quality -- yea right. They don't call them the dogs of the Dow for nothing. Whether its because they simply want to churn us for commissions...or unload a neverending pile of dead-money garbage on us, I'm not certain. But the same dance takes place quarter after quarter. With the same arrogant rhetoric. By the same supposed "experts." And once in a while they are actually able to cause a minor panic (like in March). That's when we saw actual glee on the faces of the NYSE floor traders interviewed on CNBC. The guys who are convinced that T and IBM are still THE technology leaders. And that those are the only names you need to know in the entire technology space. The market has already passed some of those guys by, I'm afraid. As it will, I suppose, all of us someday...when we become too focused on the rules of the past...and less willing to adapt to change.
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