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To: Susan Saline who wrote (22113)	2/13/2000 12:48:00 PM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

Sue you are right on the money except for the "double" make that 3 or 4 or 5 or whatever if one is very very nimble it's hard for some of us old dogs to change 100% but allow some of us grey hairs to: -make solid profits -keep the heart rate down under 150 -and sleep without stock nightmares there are still a zillion ways to make good money in this market including shorting, mo mo's, in and out of favor, etc it's a matter of style and personal choice and maybe a bit of balance your perspective helps to balance some of us who still cling to the old ways at times, it's a big help but, we also do things during the day, trading stuff, that may well counterbalance the stocks discussed here with a longer and "safer" time frame my brain can follow a few stocks tick by tick but not a lot so the stuff in my 2 months to 2 year accounts was down 3% this past week and i don't like that one bit but a few 10 to 50% ers nailed during the trading day helps a lot to offset that pain and being 100% cash in the trading account allows one to focus more on roses and chocolate this weekend then wondering what 8:00 am Monday will bring Happy V-Day to you girl

To: Susan Saline who wrote (22113)	2/13/2000 12:53:00 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

Sue from TSC speaks right at your point >>>The Coming Week: Market's Schism Shows No Signs of Improvement By Justin Lahart Associate Editor 2/11/00 7:17 PM ET Imagine for a second that you're the CEO of one of those big nontech companies. Maybe you're at an industrial company, something like Georgia Pacific (GP:NYSE - news). Or maybe you work for a strong regional bank -- something like North Fork (NFB:NYSE - news). And every day the papers get dropped off in your driveway and you go out and pick them up and read about the latest tech darling and how far its stock's gone. And every day you go to the office, and in the foyer there's a big screen that flashes your stock price, and most days lately it's been red. And you think about how far the stock price is from the strike on the options you got granted. And you think about how your compensation is tied to stock performance -- never mind the earnings you've produced. Must burn you up. If the junk bond market were in better shape, you'd probably be engineering a leveraged buyout to take your company private right now. But it's not. Tough. The schism in the market gets worse and worse. Tech stocks continue to perform well; everything else stinks up the joint. So far this year, the Nasdaq Composite Index has added 8%. Add that to last year's 85.6%. The New York Stock Exchange Composite has dropped 7%. It's down to where it was in January 1999. The S&P 500 has yet to close above where it finished last year -- something that hasn't happened since 1978. "In general, we're not happy with what the market is doing so far," said Jeff Warantz, equity strategist at Salomon Smith Barney. "There's a general lethargy out there. The high P/E stuff keeps going up and the rest looks mediocre. You're getting to the point where it's not even your relatively better valued tech stocks. It's just your highfliers taking off again. To say it's anything other than speculation is not realistic." But it seems unlikely that any of this will change just because of the valuation differences between the market's haves and have-nots. "I don't see anything in the short term that's going to change the pattern we're in," said Gary Kaminsky, managing director of the asset management group at Neuberger & Berman. Mutual fund investors put money with the managers that have performed well. The managers that have performed well put money back into the stocks that have made them money. Individual investors scuttle their losers and put more money into their winners