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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: John Sikora who wrote (10275)3/24/1998 11:47:00 AM
From: Judy  Read Replies (1) of 13949
 
Hi, John

I've posted that this market was on autopilot up about 5-6 weeks ago and maintain the same view. Market should be topping mid April with the inflow of HUGE IRA funds, given the current public psychology. Time frame coincides with 1Q earnings reports and forward guidance for the next two quarters, if the fundies like what they hear ... they will enter with a vengence.

Whether the market goes up or down 400 points is just flux for the long-term. In the short/mid term, one should treat the market not as a stock market but as a market of individuals stocks. SPY is strong and shows no divergences. The DOW and NAZ may not reflect the true internal strength of the market given the rotation of sectors. I leave the forecasting of market ripples to those attuned to them.

Be well. It's sunny so far today.

PS: I posted this since several people have recently requested my market read in private.
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