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


To: Hank Stamper who wrote (11740)2/6/2000 12:09:00 PM
From: Lars  Read Replies (1) | Respond to of 15132
 
Barron's Article "Techs Take Off"

"Technology stocks once again took center stage last week as the Nasdaq index surged 9.2% in its biggest weekly percentage gain since 1974.

Bolstered by big moves in such key components as Intel, Microsoft, Yahoo, Cisco Systems and Qualcomm, the Nasdaq advanced in each session last week, gaining 357 points to a record 4244. The rise more than offset the prior week's decline of 348 points and left the Nasdaq with a year-to-date rise of 4.3%, way ahead of both the Dow Jones Industrial Average and Standard & Poor's 500 index, which are down 4.6% and 3.1%, respectively."

Like this is a big deal. Why can't we do this every week? This is a new era. Come on, I thought the NAZ would be over 5000 by now and 8000 by year end. As the new era thinkers say, that would only be a double.

I don't understand the current market environment. I think at some point in the very near future the money will stop flowing to the techs. Watch out below at that point. Is there such thing as the greater than greater fool theory?