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Non-Tech : Bill Wexler's Dog Pound
REFR 1.554-4.1%Dec 8 3:59 PM EST

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To: BDR who wrote (6118)1/15/2000 10:10:00 PM
From: Graeme Smith   of 10293
 
>> -We are in the middle of a market mania because stock
>> prices are shooting through the roof.
>> -But most stocks aren't going up, they are declining.
>> (So which is it?)
>> -Only a small sample of stocks that happen to be
>> represented in certain indices are going up and that
>> skews the indices.
>> (That may be misleading but is it unhealthy? Some stocks
>> go up, some go down. What is unhealthy about that?)

This is relevant in that previous major corrections have been preceded by a divergence between the indexes and the average stock. A lot of money went into the market but it only went into a few "no-brainer" stocks, the nifty 50, Microsoft/Cisco etc. today. A negative adv/dec line can be a harbinger for overall market correction.

I read a lot of the fiendbear site. In general I would say that 2/3 of the articles on it I ignore. There are just as bears in this world with their heads stuck in the sand as there are bulls. However, the other third of the article are very worth reading.

Any article that knows when the next stock market crash is going to happen, or is crowing on about how the big one has just started is hit the fast forward button material. Personally I think there is a high risk of a crash, but only God, or maybe Alan Greenspan if he got bitter, knows when or even if it will happen.
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