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Non-Tech : Invest / LTD

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To: SJS who wrote (6360)1/5/1999 6:53:00 PM
From: wlheatmoon  Read Replies (1) of 14427
 
Steve,
Who'd want small caps when the big caps are kicking a&% and taking no prisoners? No one is satisfied with the average returns much less a slight return above interest rates.

Money pouring in from IRA/401K/403B.....Hell, pick your alphabet soup. No one wants to miss out on the run up and they all got one eye on the exit in case someone hollers fire. Then, they all try to get back into the theatre through the backdoor trying to be the first to get the front seat for the next show. Long term investors are ok with a drop because it's been one hell of a ride. A little correction here and there makes for a nice moonlight special sale. No one knows the true meaning of a bear market and no one thinks that it will happen or that if it happens, it will just be a short term correction.

The drop this summer to 7500 did scare the bejeesus out of a lot of folks. It didn't stick though. Greenspan opening the credit gate just reinforced the notion that this ride is unstoppable. Maybe it is and we're just too cynical and stubborn to realize that all is well and all will remain well.

mike
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