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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: Mad2 who wrote (3120)10/21/2000 1:40:57 AM
From: EL KABONG!!!   of 3543
 
Mad2,

Oh, and while it's on my mind, I had also heard someone say (not sure of the source), don't look to the momo players for any help any time soon, because most of them are still licking their wounds from the March to May debacle. What few momentum players that are still left in the game are concentrated in a mere handful of stocks, maybe 12 or so. The only momentum play I can recall off the top of my head was NTAP.

My take on the current market condition is that we're going to see a series of rallies followed by periods of short term profit taking. I don't see any big money coming back into play until maybe late December or early January, when the annual influx of last-minute retirement monies are "safely" tucked away. I'm also wondering if we'll see income tax refunds invested next year. Maybe not? Tough call right now...

KJC
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