FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Joe Dancy who wrote (2054)	7/2/1998 10:37:00 AM
From: Kent Sarikaya	Read Replies (1) of 2754

Joe, I was reading that article and it reminded me of the mid 1980's when computer sales slowed for some weird reason, I couldn't believe the slump then and knew PC sales would soar. Then as I read on your article I saw a reference to the same fact, I saw that it was 1986 when that happened. This gave me goose bumps, because think back to then and remember 1987? I have had a feeling that we were going to have a good correction before a rotation happened into small caps, but now I wonder if we won't have a really big correction. I keep looking at those internet stocks. When stocks climb that much without any real fundamentals and stocks with good fundamentals just short term hiccups are beaten so badly, I think that indicates the market is too far askew and needs a good dose of reality. Before I thought we would have another 8 to 10% correction in the Fall, now I see 10% as the minimum and a possible max of 15 to 20%. I can't believe I am bearish, maybe that is a sign it is time to buy... no it's not, after the correction that is the time.

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