Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.565

+0.3%

3:59 PM EST

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To: Graeme Smith who wrote (6095)	1/15/2000 7:01:00 AM
From: JDN	Read Replies (2) of 10293

Dear Gaeme: I agree with Dales response to you and would add to it, IMHO the market is a function of LIQUIDITY as much or more than INTEREST rates. Could there be a pullback, of course but very unlikely to exceed 30% and even that would be considered a HUGE buying opportunity and would suck all the money in the world into the Vortex. My theory, since we all seem to have one, is that in fact we have been correcting for some time. Its just that rather than a blanket market correction its a rolling correction within individual stocks and groups of stocks within the market. Example are small caps, financials and the like. I think these rolling corrections take the strain out of the market. JDN

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