Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (7550)	8/6/1999 6:11:00 PM
From: Justa Werkenstiff	Respond to of 15132

MGJ: Re: "The nets are melting down." Yes, and one must regard the nets as an immediate reading on market sentiment IMO. The intraday turnaround was impressive and that kind of turnaround has marked the bottom of correction(s) this year. I am not saying they are going to surge to new highs. But one must take of the immediate turn in interest in these stocks even if they were down today. Re: " The NASDAQ has corrected by definition although there may be more downside." So has the S & P. It is down 8.4% with Nasdaq down 11.5%. But the market held strong today considering the long bond spiked big time and we got poor economic data. Re: " Third quarter profits will be impressive compared to one year ago." Yes and one should take note that we will lose those favorable comparisons next year.