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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Tim Luke who wrote (87568)1/23/2000 9:33:00 PM
From: R.E.B.  Read Replies (1) of 90042
 
Tim, the market is NOT overbought. Some stock are overbought and some are oversold. You cannot make generalized statements about the entire market... that's like saying, "go 100% cash"... this is about picking the right stock at the right time. Some will go up and we need to shared ideas about those that will. CS is one of them I think.

For what it's worth, I think the financials are oversold and internet retailers are oversold. I think telecoms are in a period of consolidation and can go way up from here. In my opinion, mainstream retailers are dead money and speciality stores, except Tommy Hilfinger, are a good bet. I think telecome equipment sellers, bandwidth providers, cable companies and CDMA technology still has a long way to go.

Let's talk about specific stocks and not about the whole market..... such generalizations are never accurate.
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