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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Rich1 who wrote (63024)1/5/2001 12:44:02 PM
From: Patrick Slevin  Read Replies (2) of 63513
 
It takes so long to reply to a message I forgot what I was going to say.

Interesting observation about October 1998, that outflows were at record levels prior to the October 15th cut.

Still, I think it is a different environment. Looking back on that pattern then the DJIA was still higher than where it was a year earlier and was only a few months past an all time high.

Here, it's been a year since all time highs. As time goes on, people get tired of the concept that they have a better investment in their interest-bearing checking account than they have in tech stocks. Did you know that where we are trading on the Dow right this moment was where it was in April 1999?

Well, I'm taking the rest of the afternoon off. Have a pleasant weekend.
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