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Gold/Mining/Energy : CDN. MOMO PUPPIES
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To: Rocket Red who wrote (29901)3/7/2000 8:30:00 PM
From: koan  Read Replies (3) of 36688
 
I do not think this was the top of anything. I think it was a healthy correction - much needed. Too much money on the sidelines, and no place to put it: i.e. US dollar is too strong and you don't put money into bonds when inflation is looming i.e. $34 oil. Couple of days of correction and then onward and upward.

Also, too much interest in the Canadian mkts by the yanks. The correction in the US mkts makes the Canadian mkt that much more alluring (gives them some place to gamble <g>). Last, this tech frenzy will not be denied - it will just continue with sector rotations and cyclical corrections (minor one's IMO), but basically onward and upward.
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