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To: Voltaire who wrote (6132)	3/5/2000 7:03:00 PM
From: stockman_scott	Respond to of 35685

...'A Once in a LifeTime Market'.....FYI.... america-invest.com ------------------------------------------------------ <<Five minutes with Charles V. Payne, Wall Street Strategies, New York, N.Y. -- 12:50 p.m. EST America-Invest: What do you make of the markets? Payne: It?s a mixture of confidence and euphoria that really isn?t as misplaced as much as it is something that we won?t see again probably in our lifetimes. I think this is a bull market that has five more years left based on the demographics of the players. There are a lot of baby boomers that are making a ton of money. They just started turning 50, and they have 10 more years of investing. They have more tools and knowledge than any set of investors in the past. And unlike the go-go ?80s, I don?t see people spending their money on a lot of flashy items. Instead of buying a vacation home with their bonuses, they are investing in Cisco (CSCO). America-Invest: What other forces are driving the markets higher? Payne: If you get to the root of the market, there is an imbalance between supply and demand, even with all the IPOs lately. That?s what?s driving the market right now. America-Invest: You?re one of the most bullish people we have talked to recently. Is it all because of the baby-boom money and the imbalance in equity supply and demand? Payne: The pundits have been saying since 1995 that stocks are overvalued and overpriced. A lot of people who listened to them are now playing catch up. What you need to do now is participate and make as much money as possible. This is a once in a lifetime opportunity. America-Invest: What?s the hottest sector out there right now? Payne: It is all about the race to connect human beings, which makes wireless the hottest space. Being able to deliver data anywhere in the world on any type of device is the future. At the beginning of the year, we made our pick for the sector of the year, which was biotech. My No.1 pick of the year is PE Corp./Celera Genomics (CRA). We started mentioning it in late December. We were a little ahead of the curve there with biotech. America-Invest: Biotech has a long history of being a speculative bubble. Is there anything different going on this time? Payne: Having lived through the last biotech bubble, I must say that it is a little bit more tenuous than wireless or Internet infrastructure. There?s steak with the sizzle in tech and wireless; with biotech, it is hope that is driving it. Of course, if someone can figure out the cure for cancer, there is no limit to the market cap of that company. America-Invest: What other sectors do you like? Payne: In business-to-business e-commerce: Ariba (ARBA), Commerce One (CMRC) and Vertical Net (VERT). In infrastructure client server: Mercury Interactive (MERQ). Internet backbone: Redback Networks (RBAK). Web site enablers: Sapient (SAPE) and E.piphany (EPNY). Web hosting: Digex (DIGX) and Exodus Communications (EXDS). America-Invest: Any other areas to watch? Payne: With the whole fiber-optic space you can almost throw a dart at it and come up with something. The beauty is that there is going to be consolidation there with huge premiums. Among those to watch are SDL Inc. (SDLI) and MRV Communications (MRVC). America-Invest: Are these suggestions for short-term as well as long-term investing? Payne: We offer different services depending how often someone plays the markets. Some of these are great for both short-term and long-term buy-and-hold strategies. Exodus, for example, is one where you can play the short-term swings or you could buy it and go on vacation. America-Invest: What forces are making a company such as yours successful? Payne: Investors are being much more aggressive in controlling their own portfolios. They are severing their relationships with traditional brokerages. While it?s great to be able to make $10 trades, we can help them decide what they can buy tomorrow morning. We help them decide what to buy, help them ride out the inevitable volatility and help them develop and exit plan so that they don?t end up buying high and selling low. Charles V. Payne is founder, CEO and principal analyst of research firm Wall Street Strategies.>> Best Regards, Scott

To: Voltaire who wrote (6132)	3/7/2000 11:56:00 AM
From: stockman_scott	Read Replies (1) \| Respond to of 35685

V: Check out the Comments by First Albany's Investment Officer... dailynews.yahoo.com <<...The broad market opened with a rally after the latest economic numbers confirmed that America's investment in technology has paid off in strong productivity and low inflation. The fourth-quarter productivity number was revised upward to a 6.4 percent gain, compared with the 5 percent increase reported a month ago. Non-farm labor costs dropped 2.5 percent, compared with the 1 percent decline reported a month ago. Economists polled by Reuters had expected a productivity increase of 6.3 percent and a drop in labor costs of 2.2 percent. ``If you ask yourself why the technology stocks continue to do so well, the answers are in these numbers,' said Hugh Johnson, the chief investment officer at First Albany Corp in Albany, N.Y. ``The returns on investment (in technology) are so substantial that rising interest rates or worries about the economy don't matter. The broader Standard & Poor's 500 Index (^SPX - news) was down 9 points, or 0.70 percent, at 1,381 but the Russell 2000 (^RUT - news) small cap index was up 0.48 of a point, or 0.08 percent, at 602. Oil, gold, Internet, semiconductor and building material shares were up while transportation, retail, pharmaceuticals, and specialty healthcare were all lower....>> Regards, Scott ----------------------------------------------------- BTW, I appreciate really appreciate all your advice.