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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (3354)11/21/2000 11:24:02 PM
From: Bill Harmond  Read Replies (4) of 57684
 
>>It's a sad day for the bulls guy

Speaking as a long-term bull I don't think of it as sad. I'm not sad today any more that I was gleeful at the highs. This is a continuum.

Markets go to extremes. Markets hear what they want to hear during those extremes. I have always expressed the bull case for the companies I believe in, and will continue to do so. This revolution is still in its very early stages, whether market and liquidity forces reflect it or not at some particular point in time.

I recieved an email today from a smart friend saying, "Yahoo is dead." That is nonsense. Obsessing on a slowdown in advertising spending (even including the secular loss of easy dot-com money) to make other than trading decisions is a mistake.
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