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


To: marc ultra who wrote (7879)8/18/1999 4:46:00 PM
From: Kirk ©  Read Replies (1) | Respond to of 15132
 
Sorry, but I remain unconvinced. The DOW is just 30 stocks.

Now if you want to talk a sector correction..... or bear market in small caps, but the overall market is still the S&P and it is in a correction or trading range depending on how you like to talk about it.

My opinion is the market is doing what it should do when so highly valued... have money slosh around from overvalued growth stocks to others with lower valuations until clear winners emerge as the next big growth stocks that will grow on fundamentals like earnings.

just my opinion... 8)
Kirk



To: marc ultra who wrote (7879)8/18/1999 7:33:00 PM
From: Kirk ©  Respond to of 15132
 
Abby Watch
Report at:
suite101.com

she said "DOW and NASDAQ don't matter" but the S&P500 has been in a trading range between 1300 and 1350 since March.

10% annualized returns from here for SPY going forward.

Inflation not a problem.

Kirk out