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Pastimes : All Clowns Must Be Destroyed

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To: marginmike who wrote (31612)5/8/2000 10:14:00 AM
From: pater tenebrarum  Read Replies (1) of 42523
 
MM, that's the essence of this 'no fear' market. every time they sell the tech stocks they buy the financials and vice versa. it's mindless rotation. nobody is as of yet entertaining the idea to get out altogether. no wonder...after 18 years of bull market you have mostly people in charge of the mutual funds that have never seen a bear. thus they don't believe such a thing exists. therefore, mindless rotational churning at the top...
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