Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (1447)	12/16/2000 6:07:15 PM
From: Andrew G.	Read Replies (2) of 74559

Money flows out of tech funds for fourth week: cnetinvestor.com By: Dawn Kawamoto, CNET News.com 12/15/00 3:32:00 PM Source: News.com "Technology mutual funds saw more money flowing out than in for a fourth consecutive week, setting a record not seen during the past three years, according to industry data released Friday. " Despite this we have day traders on many threads here on SI expressing great enthusiasm for what they see as a juicy opportunity to rally in the Nasdaq Monday and Tuesday ahead of a perceived interest rate cut or ease-bias announcement from the Fed. To me, the speculative enthusiasm is no where near tapped out. Message 15034993 And Cohen from GS is still apparently bullish. Looks like the Nasdaq still needs more spanking. When does it end ?

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