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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (17984)	12/20/1999 6:00:00 PM
From: Sergio H	Read Replies (5) of 29382

DD, thanks for the link. Great site. EXDS close to filling gap. Tomorrow could be problematic. Looks like Fed is going to change interest rate bias. The market seems to be looking for any excuse to sell off. Yardeni said it well: "In my recent meetings with institutional money managers around the world, I found a remarkable consensus about the US stock market. The widespread view is that the market is experiencing a classic speculative bubble. Not the overall market, just the technology sector of the market. The rest of the market looks very cheap to many of the money managers I've chatted with over the past few months. So what are they doing? Buying more of the tech stocks that they believe are grossly overvalued! They have no choice they tell me. They've been forced to trash their valuation disciplines and to play the momentum game. "You got to be in it to win it," said one bubble player. Could it be that the tech buying panic isn't a bubble? "

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