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To: Lizzie Tudor who wrote (81619)10/22/1999 1:18:00 PM
From: Robert Rose  Read Replies (2) | Respond to of 164684
 
<However, I've come around to think the hottest sectors actually protect against widespread market declines in this environment.>

Sometimes yes and sometimes no. When hot stocks become this extended this rapidly, it usually signals something not too pretty. 4/99 is one such example. Given the horrible looking djia and spx charts, customary Oct jitters, and the whole interest rate uncertainty, perhaps it is time for me to take some modest profits now....