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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: accountclosed who wrote (18173)2/4/1999 5:34:00 PM
From: heraclitus  Read Replies (3) of 86076
 
AR (and all)

For those that missed Fleck on CNBCs Bull/Bear debate. The opposition was Eric Gustafson. He (eric) chanted the typical bull mantra for his case to remain in the market. He also said to "stay in the Techs".
Another quoteable "More money has been lost waiting for a correction than in the corrections."

Fleck made the case for excess capacity. He says if/when the market recognizes this then the downturn will be for real but not to put too much stock in one day's market action. He also mentioned a price war in the chip makers. He did not adress MU and its troubles. He also said this is a bubble and the fed has been irresponsible with the money supply.

homer
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