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


To: Boca_PETE who wrote (8508)9/10/1999 9:43:00 PM
From: Justa Werkenstiff  Read Replies (5) | Respond to of 15132
 
Pete: Thanks for the reference. I was thinking about the same thing regarding the S & P today. No record in that index. And where is the Russell? Nowhere just like the S & P. The Dow has achieved a record and has fallen back and is stagnating. The NASDAQ hit a record today by a bit but I was not impressed. Did anyone see that rally in the long bond today? The market yawned.

There are some people who just do not want to face the music in net land. The market is stagnating despite positive economic news. We are going nowhere fast. All we need is to say that the Fed. is out of the market for sure (hypothetically) and everything that can go right has gone right and the market has discounted all the good news available. But even now most of the good news is out there and Mr. Market has seen it.

Does anyone doubt that the technology stocks will have stellar earnings this quarter? It is a given. Does anyone doubt that INTC will beat their numbers? Nope.

All I did today was sell into this rally. If some sap wants to give me a couple points by upgrading my stock, I will take those points to the bank.