All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (9180)	2/13/2000 6:44:00 PM
From: pater tenebrarum	Read Replies (1) of 42523

well, to some extent certain tech sectors (e.g. SOX) are less interest sensitive than the average stock...the problem imo is that the negative sentiment in the rate sensitive sectors will ultimately spread. it has happened countless times before that the NAZ was the last index to top out. imo it has to do with a basic psychological fact: only when a bull market has lasted a long time, and successfully weathered several storms, do investors get up the courage to flock to the most speculative sectors. as i said in my PM, the NAZ reminds me of a last wild party on the Titanic, as the ship already begins to lilt...

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