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Politics : Ask Michael Burke
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To: Andy Chen who wrote (22112)8/31/1997 1:37:00 PM
From: Knighty Tin   of 132070
 
Andy, The market is totally momentum driven. Any time a stock pops up in price, the herd piles on. Simple game. Simple-minded game. The momentum geeks used to claim they were driven by eps, but since earnings have started to fall apart, they have shown their true colors. They are buying simply because somebody else is buying. Somewhere there is one smart dude who starts the ball a rollin'. -vbg-

I think it is just a matter of time before the herd follows this judas goat over the cliff. MB
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