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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: JC Jaros who wrote (28303)	2/26/2000 12:35:00 AM
From: fuzzymath	Read Replies (2) \| Respond to of 64865

SUNW continues to rise with the high-techs, while the broad market sags! And everyone here seems to want to talk only about MSFT? My models have kept me in cash most of February -- but the NASDAQ and companies like SUNW have continued to rise. It looks like money is being shifted out of the big traditional NYSE stocks and into high techs, resulting in an NYSE bear market, even as the NASDAQ rises ever higher. But what if the NYSE is right? What if the big NYSE companies are headed for a decline in earnings? Might they then cut back on their purchases of new technology? Then, where would that leave the high-tech companies, with their super high or non-definable PEs? Just some idle thoughts... I have precious little time to visit SI these days. I'm still updating the web site on a daily basis, but I haven't much time for that either. Too busy applying Windows 2000 technologies at my regular job. They claim to have done a much better job than in the past at debugging it prior to the official release. We'll see... No one here's worried about a high-tech bear market, I guess? Even though the DJIA could easily reach official bear market status (down 20% from its peak) next week? Can the markets really continue to diverge this way over the long term? If not, then either the NYSE is undervalued or the NASDAQ/high-techs are overvalued (including SUNW, probably)... Kevin