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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (78047)12/4/1999 12:24:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 86076
 
Luc, here's something for a bear to grin at:

quote.yahoo.com

However, I think it's meaningless in the broader market context.

The market has got so overheated that stock darlings are picked up one day and shunned the next, and it doesn't matter. The SPX made a new high today, and the lagging bank stocks made strong moves today. So they will pick up the baton, even if nuts show weakness. It should be noted that only two pure-play internets are in the S&P (AOL, and YHOO will be as of Dec. 7th), so the S&P can continue moving up without the internets (and I'm betting it will).
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