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Strategies & Market Trends : Frog Investing on SI - No Pennies/BB's Please -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Meaney who wrote (150)	12/3/1999 7:15:00 PM
From: Louis Cornell	Read Replies (1) \| Respond to of 155

Hard to find anything "growth" going down today. I still have IMGX, which is a good B2B that hasn't got "out of control"....yet. I'm getting a bit concerned about market froth...strangely reminiscent of 1987. I'm not sure interest rates necessarily have to go up to kill the market. Rather, it's the rising valuations vs. the current stable rates that worries me. At some point, like in 1987, portfolio managers are going to say the premiums are too high relative to bonds, and the shift will crash the market. The counter to that is while the techs and particularly the Inets have been running, the Dow and overall A/D has been falling for a long time and the leadership has been very narrow for a long time. This gets a lot of managers excited and they point to this to say that the market hasn't topped, but guess where their money is? Your thoughts?