Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: DD™ who wrote (15453)	11/23/1998 7:02:00 PM
From: Smart Investor	Read Replies (2) of 27307

In a few days to a couple of weeks when YHOO crashes, people will ask who are the fools who bought at > $200. The following is from CBS Market Watch, which is much better than YHOO finance. Are we in the blow-off stage of internet ? many people think we are. "But market breadth was clearly lacking, the house-rocking performance by the blue-chip averages notwithstanding." "There's two markets out there," said Phil Roth, chief technical market analyst at Morgan Stanley Dean Witter. "One is the market for the S&P 500 and glamour and blue-chip stocks, which is best described as a mature bull market. "Everything else you could describe as being in a mature bear market, or a rally in a bear market, if you looked at the Value Line index, the Russell 2000 index, or the advance-decline line," he said. "We're at a blow-off type move in things like Internet stocks and some of the financials that have attracted deal players. The rest of the market is sort of following along grudgingly."

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