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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: Haim R. Branisteanu who wrote (30227)	10/17/1999 8:32:00 PM
From: BILL G. WRIGHT	Read Replies (1) of 99985

I fully agree with your post here. I don't know where greenspan is coming from when he constantly worries about the stock market being over-valued. He needs to get a subscription to Investors Business Daily and read the section each day pertaining to Mutual Funds and he would realize that the vast majority of funds are not doing very well this year. As you mentioned the over-performance is in the internet stocks and a few other high tech type stocks. just because a handful of stocks are performing well certainly does not mean that the other 10,000 listed stocks are over-performing.

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