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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (40438)6/17/2000 12:48:00 AM
From: Joan Osland Graffius  Read Replies (1) of 42523
 
heinz, >>even if the market somehow manages to stage one more rally, i find it impossible to buy the big cap bubble stocks at current levels except for short term trades.

I agree. Just look inside the DOW, these stocks are bloated to the high heavens. If this thing plays out like the good old days of high energy prices, the S&P guys will be replacing the techs with energy related stocks. I can remember when the energy stocks were a large portion of the S&P and I was buying stocks and calls on the old oils.

Joan
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