MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: fedhead who wrote (42950)	3/14/2000 2:51:00 PM
From: Les H	Read Replies (1) of 99985

One of the aberrations of the current market is the extent to which companies seek to profit by trading or ipo'ing the hot stocks. Even a recent Nightly Business Report show had a 'value' guy talking about how he was playing the 'old econ' companies with the hope that the specific ones he mentioned would get taken over and then spun out as 'new econ' stocks by reformulating them as internet plays. If P.E. Barnum were alive today, ... A 20-30 percent drop in the techs would be well within the context of what happened in the 1992 and 1996 corrections. In fact, the Biotechs are acting like they did in 1992. It probably won't turn out the same way since that industry is more mature now.

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