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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (5279)	12/5/1999 6:42:00 AM
From: JDN	Read Replies (2) \| Respond to of 10293

Dear Bill: Are you considering 2,000 is an election year? Also, that the first qtr of 2,000 MAY offer some impetuous for the software companies that supposedly have been held back over y2k concerns? For myself, I am as nervous as the next guy and have the largest MM position I have had in YEARS but I just cant bring myself to exit this market. Historically, election years have always been good and the year after an election year almost as good. A short correction would not surprise me in the least, but my gut tells me it will be short and 2,000 will end higher than it began. JDN

To: Bill Wexler who wrote (5279)	12/5/1999 7:08:00 AM
From: Bill Ulrich	Read Replies (1) \| Respond to of 10293

Been out of the loop for awhile on David Stewart and the infamous "Stewart Report" (CYBG, ZITL fame, et.al.). Is he still in biz, or did the authorities give him a well-deserved vacation? Any good contrarian recos from him?

To: Bill Wexler who wrote (5279)	12/5/1999 10:16:00 AM
From: Shtirlitz	Read Replies (1) \| Respond to of 10293

I absoultely agree that the market is about to correct. Especialy Nasdaq. One of my favorite timing indicators is the puts volume in the leaders. It spiked on Friday. For example look at Cisco Dec 95. If Nasdaq will not start sinking on Monday, it will happen sometime very soon anyway. Is it a Y2K sell-off or profit taking, but it is going down. Long term, I'm very concerned with a nasty trend developing in bonds, since last year. They have been falling ever since they spiked at 5% in August, 98. And bonds are always 6-12 month ahead in the market cycle trend reversals. On the other hand fundamentaly the economy still appears to be strong. Just before the latest rally you where talking about a buying opportunity. Now you are taliking about selling and hedging, going into the future. Is your long-term view changing?

To: Bill Wexler who wrote (5279)	12/5/1999 11:10:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 10293

short-selling funds are going out of business, and gosh-darn it EVERYONE LOVES THE STOCK MARKET! >>>>This can mean only one thing. <<<< I had that idea recently when some money was flowing into small caps, immediately sending them skywards while big caps and 1st tiers did little. Many thought that can be at least lead to a consolidation and index hedging measures appearently have taken place. Alas, the nasdaq, Internet 1st tiers led by Yahoo showed renewed strength fuelled by tame macroeconomic indicators. Too early before January to latest April 2000? Unfortunately, I don't see any slam-dunk shorting themes such as Y2K stocks in early 1997 Yes. There are simply too many such themes. Keep in mind that 10, maybe 20% of the recent (internet / infrastructure-related) high-flying stocks will be around after the dust settles. Who guarantees that AKAM, SCMR, ATON, FFIV, PHCM etc will be successful? You will find at least one "VUSA" amongst those ones even in shorter term. For the whole Nasdaq Composite, SOX or even the Internet Index pay a look at the Nikkei and Japan OTC indices a century ago. There are remote odds that the Comp can do the same plunge after the Y2K buying binge (this one replaced the Y2K panic) ends - the odds are nonzero, and rising daily.