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To: waverider who wrote (44585)	10/14/1999 12:16:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Every time I hear the CNBC people spouting off : "It's Friday. That means it's 'stock pickin' Friday ..." -- I always think : "Nose picking Friday." Jon.

To: waverider who wrote (44585)	10/14/1999 7:08:00 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

Could SOMEONE please tell when the market HASN'T been a stock pickers market? In the absolute sense, you are right--you always (except for indexes) buy stocks, not the market. However, when you are in a market where more than 50% of stocks go down and indexes are held up only due to outsized gains in a minority of large caps (a "stealth bear", so we hear), that makes individual picks in the aggregate more important than if there's a general rise in the market, with the winnings spread in more democratic fashion. Another way to say it is "a market in which even the index funds suck, but a few stocks rock." In that kind of context, I think "stock-picker's market" has meaning, and does not apply to all markets. That's the context in which I interpreted Greg Mullineaux's statement, and likewise how I responded. MM