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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (11400)1/23/2000 8:57:00 PM
From: Hank Stamper  Read Replies (1) | Respond to of 15132
 
"This is all very strange. Anecdotal, but it sure isn't the "everyone is getting rich" theme I would expect for a real top"

So this is not a "real top?"

Ciao,
David Todtman



To: Kirk © who wrote (11400)1/23/2000 9:31:00 PM
From: Gary D  Read Replies (2) | Respond to of 15132
 
Agreed we will all have our own perceptions of anecdotal factors. Something I find peculiar is that three of my coworkers are just recently enthusiastically getting into the market, talking about buying QCOM, AOL, YHOO, CSCO, etc. Two of the three had for the past several years not participated in the market at all, having said they thought the market would "crash" big time. The other had sold out at the bottom in Sept '98. A friend who has been bearish on the market for the past five years is now making special trips to visit a relative in another city to learn the "science" of daytrading. If this kind of activity is representative of what's going on out there, it does not surprise me that this could be a top. I sense that there is a feeling that because others have made a lot of money, now they want their share of it--and it should be easy because large % returns can be expected to continue indefinitely.



To: Kirk © who wrote (11400)1/24/2000 2:52:00 PM
From: Hank Stamper  Read Replies (2) | Respond to of 15132
 
Kirk,

I am still interested in reading your thoughts on whether or not the market is behaving as if it is in a topping process. Your comments here appeared to me to suggest that you think Brinker's concerns about a top are misplaced. Is my assumption about your views correct? If so, what are your views on the current and near (next 4 months) prospects for the market?

Ciao,
David Todtman