Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: KevinMark who wrote (40442)	12/8/1999 12:36:00 AM
From: Jack Hartmann	Read Replies (1) of 108040

Good post. People are not going to put their money in bonds when the market is hot. Even the S&P is double the return of most bond funds. What I see is the shift from value investing to future growth investing. Warren Buffet is having a bad year for Berkshire Hathaway. NASDAQ 100 becoming the one to beat not the S&P 500. Although the S&P is getting to look 25% tech now. Value funds in Chicago are getting redemptions and several have folded. William Smith was on the radio the ther day bemoaning the lack of interest in Poloroid and his value fund. Returns are not there. Going to be very few funds beating the NASDAQ this year. Bet less than 3%. Crain's Chicago Business Breakfast said Chicago must become a Midwest Silicon Valley due to its central location or it will go the way of the stockyard. Reread Grahams book on the Texas Instruments rise, collapse, and rerise in the 1960-70s. Probably similar to this with the NASDAQ. Many forgot the April and July tech correction already. I'm amazed at how many people got their savings wrapped up in just two or three stocks. We forget the Europe ISP is very expensive and they are trying to catch up. Article yesterday in the globemail in Canada was saying they figure they are 12 month behind the US in internet use for business. In 1800's it was called the industrial revolution. Now a technoogy tidal wave. Geez, English is the number one most spoken language in India. Corporate heads of the top banks in Japan speak English and wear Brooks Brothers suits. ACOM and all of its competitors remind me of the 100+ auto companies that existed in the early 20th century. Who will be the investor to buy the Ford or GM? That is the skill. Good ones that make money are a good start. Red inks ones have to be profitable in two years or control the market share. NASDAQ 4000 is coming like a locomotive rolling down hill. You can watch or be on board. It could derail like pundits at Barron's predict, but a 25% correction before the new year still would beat 75% of the professional fund managers. I'm strapped like a 14 year old in a technology rollercoaster and having the time of my life. See everyone tomorrow. Jack

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