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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

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Nov 12 4:00 PM EST

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To: donald sew who wrote (9699)	4/3/1999 1:05:00 PM
From: Gary Wisdom	Read Replies (2) of 99985

Herd mentality. This says it all. If anyone caught Rukeyser last night, they had on a fund manager. She said it the best. She likes companies with great earnings and revenue growth (who doesn't?) Then she goes on to say "If a company misses a quarter, they're out of that company". Sounds pretty idiotic to me. No wonder why companies are taking 30% hits for missing by a penny. These savants heading up mutual funds sell their entire holdings when a company misses misguided analysts' prognostications by an entire penny. No wonder why the mms or specialists open stocks down so low. They know these geniuses are going to dump supply on them en masse the next day. And Wall Street blames the day trader for the market's volatility. Geez. Makes you wonder.

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