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To: Len who wrote (223)12/2/1999 5:38:00 PM
From: Uncle Frank  Respond to of 22706
 
>> For all those who promote diversification as a safety strategy did you notice that all these stocks rise and fall together? Not much safety there.

I'm not advocating diversification, which is merely a hedge against ignorance and a guarantee of mediocrity.

Your premise about the stocks rising and falling in lockstep is flawed, as I think the following demonstrates:

siliconinvestor.com

Granted, a rising tide lifts all boats, but there are significant variances which you can see by using qqq (the ndx index trust) as your baseline.

cf