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To: djia101362 who wrote (29829)	9/22/1999 8:57:00 PM
From: t2	Read Replies (3) \| Respond to of 74651

djia, Did you guys see what is happening with the Japan market. Down 600 points. That is perfect if one wants the opportunity to play the possibility of a decline in the YEN due to a meeting on the weekend of the G7. Then US rates go down and the markets go higher--i think. djia, great points in your analysis of the markets.

To: djia101362 who wrote (29829)	9/22/1999 9:04:00 PM
From: Harry Sharp	Read Replies (1) \| Respond to of 74651

>>>i know this is a very simplified example but when i go to the post office and here the postal clerks talking to each other about what there stocks did that day, i know this is definitely not the same market we had just 10 years ago. literally, every tom, dick, and harry is investing in the stock market these days.<<< Of course the caveat is when everyone is already invested who is left to buy?

To: djia101362 who wrote (29829)	9/22/1999 9:34:00 PM
From: RTev	Respond to of 74651

i know this is definitely not the same market we had just 10 years ago. literally, every tom, dick, and harry is investing in the stock market these days. No, it's not like the market ten years ago (which was still recovering from the 1987 crash), but what's scary is how similar this one is to a market 70 years ago. Then, as now, "growth" was the mantra of the market. Then, as now, it looked like a whole new economy with new rules was being born. Then, as now, many argued that a new plateau had been reached below which the market would not fall. Then, as now, the market was crowded with a number of companies that didn't have much real chance of genuine growth, but did participate in incredible stock-price growth. Then, as now, "every tom, dick, and harry" was in the market. I'm not predicting that what happened 70 years ago in October will happen again, but merely saying that the history of that market should temper our exuberance about this very similar market.

To: djia101362 who wrote (29829)	9/22/1999 11:48:00 PM
From: Russ	Respond to of 74651

i think the most useless t/a indicator now days is the a/d line. for some strange reason, analysts believe that the market is not healthy when we don't have a convincingly positive a/d line. but my question to all these analysts is, why should crappy companies the are losing money be going up?? doesn't it stand to reason that if you only have 500 very profitable companies that everyone would want to INVEST in the stocks of these 500 companies and these 500 companies only? And the companies that have been going up the most the last two years have been the InterNut stocks. Outside of Yahoo and AOL I don't think there's a profitable one. Meanwhile, lots of profitable companies with good growth are down. Russ