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Technology Stocks : Discuss Year 2000 Issues

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To: flatsville who wrote (6607)	7/16/1999 10:13:00 AM
From: flatsville	Read Replies (2) of 9818

Richard McCabe, Chief Market Analyst for Merrill Lynch, was just interviewed on CNBC. Stated his concerns that market breadth was not confirming market highs among other "bear" type growlings. This morning's CNBC guest, Chief Market Analyst from Soloman Smith Barney, expects y2k will take 5% off the market (from where?...he couldn't say) after he was asked if y2k was already "priced in." ROTFLMAO A follow up to yesterday: Blabby Abby hedged in her CNBC interview. When the reporter questioned her about asset allocation, (where the rubber meets the road) her answer indicated Goldman Sucks took some heat over last year's bullish August allocation revision in light of the Sept./Oct. drop. She wouldn't say a word about raising or lowering the asset allocation for this August. Hmmm... Not the Blabby Abby I know. If anyone who listened heard something different in either interview please post. Options expiration day can be a very dangerous day. (Within the past few days I've heard summer dolldrums, hedging, low volume, "blow-off"...that's how it starts...low volume, no buying, no conviction...and then the selling starts.)

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