The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (4631)	4/21/1999 5:30:00 AM
From: Justa Werkenstiff	Read Replies (2) of 15132

Marc: Re: "Justa, sounds like Magellan helped get this market rotation ball rolling and once it started the flood gates opened. It will be interesting to see if the internets are really done correcting and will go their merry way again." Yeah, that market rotation seems to have been so sudden and massive that it left a void in the market which caused what appears to be market indigestion. The good news is that the market broadened out; the bad news is that there may not be enough money flow to support a rising market on all fronts. And if the void reappears -- and I think it will at some point -- hello Mr. Correction. Some babe called CNBC the other day. She was nervous. She was a new investor and 100% into the internets. She said she was losing $100k a day now. If there are a lot of these folks around, God help us. I think Brinker said that a survey said that only 15% or so of individuals ever owned an internet investment. But the internets will a real exacerbating factor in any correction if not its proximate cause.

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