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Gold/Mining/Energy : Position Trading in Canada
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To: Ward Nicholson who wrote (1732)10/14/1999 9:03:00 PM
From: Thomas Tam  Read Replies (2) of 2259
 
Ward, question for you to ponder.

When we say the market is "overvalued", are we strictly talking about the major averages, or every stock in general. It would seem that a good number of stocks have come down to earth, but the megacaps have not. So if you were to see a correction, would that essentially involve the largest of the large companies and inflated upstarts (internet whatevers)? So if the market were to tank, would crappy stocks like say that yogurt company :), decline any further? Or would the correction essentially involve the big names in both Canada and U.S.? Say if Microsoft corrected 10-15%, that could drop the S&P 20 points or more, by itself.

Your thoughts on this are most welcomed.

Later
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