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To: Don Green who wrote (22473)6/14/1999 12:14:00 AM
From: pompsander  Respond to of 93625
 
Don:

Can't an argument be made that the cleansing of the streets has already begun. Most stocks other than large cap techs have had a really tough eighteen months. Financials and drugs and down, internet mania is really cooling off. IPOs are not hot. The Dell message board is almost rational.

Seriously, taking off the five percent largest caps in the tech universe the markets have had a rough go and there are no real signs of this improving soon. Isn't this enough? Earnings for the second quarter are going to be pretty good, but I don't thinkt the market as a whole will bounce. This could finally again be a stock picker's market. In other words, like the seventies and early eighties.



To: Don Green who wrote (22473)6/14/1999 12:41:00 AM
From: RetiredNow  Respond to of 93625
 
You said it. It sure has me worried too. I just wonder when that dam will burst. Since I am such a crappy timer, I'm sure I'll get burned, but I just hate to stay out of the market waiting for it to happen. Woe is me! Remember when making 20% was consider excellent and not to be expected? I sure do.