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To: Lucretius who wrote (9180)2/13/2000 3:45:00 PM
From: yard_man  Read Replies (1) | Respond to of 42523
 
Soft was responsible for most of the DOWs fall on Fri wasn't it? This guy seems clueless ... everyone jabbers about liquidity, but it is an illusion. When it crashes they'll say, "What happened to all the liquidity?" Greenspan et al have had to pour tons of greenbacks into the system to keep it afloat and at that -- they have been quite lucky ...

I like OJ being long ... his comments about the SOX crack me up.

The internet frenzy -- it makes no sense, but at least there's no pretense -- people are buying trash hoping to sell it to someone else, but look at the SOX -- what has it done? tripled in the last year or so? What wonderful technological revolution could "it" possibly be anticipating to justify that? If it doesn't start this week, it'll start in a couple of weeks? We are long overdue for some fear ...



To: Lucretius who wrote (9180)2/13/2000 5:51:00 PM
From: IceShark  Read Replies (1) | Respond to of 42523
 
i will predict that the NAZ will certainly surpass the DOW in numbers...and quickly....

What?!!! I'm not even sure what OJ means but if I take a guess does he mean dow down or dung up? -g- He has got to be crazy with two of the big dung horsemen in the dow now.



To: Lucretius who wrote (9180)2/13/2000 6:44:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
well, to some extent certain tech sectors (e.g. SOX) are less interest sensitive than the average stock...the problem imo is that the negative sentiment in the rate sensitive sectors will ultimately spread. it has happened countless times before that the NAZ was the last index to top out. imo it has to do with a basic psychological fact: only when a bull market has lasted a long time, and successfully weathered several storms, do investors get up the courage to flock to the most speculative sectors. as i said in my PM, the NAZ reminds me of a last wild party on the Titanic, as the ship already begins to lilt...