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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?
KO 71.26+0.1%11:53 AM EST

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To: BAXTERBOO who wrote (1036)4/18/1998 12:49:00 PM
From: Jerry Miller  Read Replies (1) of 1462
 
that was very good.
brave money usually wins.

i was thinking about your comments of last month, where you noticed
money leaving Tech, and going into drugs as a safe haven against
the possibility of poor Tech earnings.

i'm wondering if you happen to agree now, that all the money that
poured into the Internet stocks over the past few weeks, is starting
to rotate out, and is perhaps being "parked" temporarily in some of the
big-cap, liquid, safety-first type stocks...like KO (up 2 friday)and
GE (up more than a point, i think) PFE (up 4+) DIS (up 1+)
internet stocks were down big, simultaneously.

the valuations may be too high for this money to stay put,
so where might it go next ?
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