WCOM Message Board - Msg: 13341506

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Technology Stocks : WCOM

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To: Jeff Hayden who wrote (6136)	4/3/2000 6:58:00 PM
From: Jeff Hayden	Read Replies (1) of 11568

--OT-- Ha! Did everyone notice that money didn't come out of the market today? My thought that the markets are like two glasses of water partially full (see #6136), one representing the Old Economy (the DOW) and the other representing the New economy (NASDAC), seems to be correct today. Today, quite a bit of water was tipped from the NASDAC glass to the Dow glass. But I don't think the levels are equal yet, the NASDAC had a huge run in 1999. The Dow is still a little behind NASDAC. What is good about this is that money is not leaving the market in a run to bonds. The NASDAC got too far ahead and now it's getting into a more proper line. I really don't see that the market is too far extended. Business is booming like crazy! The NASDAC/Dow ratio just got out of whack for a while. Now the ratio is correcting.

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