Korea is nothing compared to what I'm scared of: What makes me more worried than anything is that mighty MSFT has broken down.
The only beach balls left are YHOO, AOL, and AMZN (hmm, "internet" stocks). Oh, I guess PSFT isn't doing ok, too.
So let's see, as we talked about yesterday, I think PC hardware is done for, over, history. I don't believe CSCO is special enough to be the *only* networker to not have problems (so since the rest of the thread wasn't in on the conversation, I'm saying that I'm holding my breath over here waiting for CSCO to break). Bond yields are dropping, which any idiot on CNBC will swear is good for stocks, but what I think really means that the economy isn't doing so well which will kill a lot of stocks, regardless of rates (which is why I'm going to be a legendary shorter (actually, I buy Puts, but I'm not sure how to spell/sound "Put-er," and it doesn't sound as cool, anyway of airline stocks). And then there's the Asia thing which everyone talks about and thinks is bad, but no one really knows what they're talking about. Oh, and the y2k problem, which no one understands either, but there is at least a chance that it causes a huge slowdown.
But hey, fund inflows are still positive, right? :) |
