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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (1481)	3/12/2001 4:15:07 PM
From: Jack of All Trades	Read Replies (1) of 12411

Chip, I hope you didn't think this all started just in the last few weeks... $hit, I've had my retirement money going into MM since 7/98, that's not a typo there either... You can thank the WS investment banks for this IMO, bringing IPO's to market when they couldn't have gotten a second look 5-10 years ago... Plus all those foolish investors wanting stock splits every 3-6 months. The mounds of paper floating around is huge. How can one expect CSCO to grow earnings when they have 5B share OS, buying companies with $25M annual sales for a few $B in stock. I like to your panic, hopefully a ST bottom will be setting in. IBM seems to be faring well, I expected it to take a larger hit... Jeff

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