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

To: Justa Werkenstiff who wrote (12271)	3/6/2000 4:11:00 PM
From: Sam	Read Replies (1) \| Respond to of 15132

Welcome back, Justa. <<The Naz has everyone mesmerized to the exclusion of the performance of the overall market.>> I can't agree with this comment more. "Everyone" includes Mr. Greenspan. How many funds are actually up sharply for the year today? Or even up for the past 6 months? Counting individual stocks, I think I have heard that a majority are actually below their 200 day moving average, though I can't recall the source and my memory of such things is always suspect. I find the Greenman's argument about productivity leading to inflation to be a strenuous reaching for a reason to do something, to play hero once again. While you were gone, we had a "He should raise margin rates instead of interest rates" discussion. Wonder if you care to weigh in on that one again. Regards, Sam

To: Justa Werkenstiff who wrote (12271)	3/6/2000 4:23:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 15132

Justa. We HAVE been in a stealth bear for some time if you look at the market without a capitalization factor. MANY like RalphA have said as much. Just the tech and a few other companies are doing well and mask it. We've been talking about relative value for a LONG time... how just a few big stocks were pulling up the averages. Now these stocks are rotating a bit... remember the sector discussion? Look at our banks or your Tandy to get an idea. Look at Retail...HD & WMT! Look at the Russell2000. Just came out of its bear market a few months ago. Look at IBM and GE that have a large reliance on financing (thus are interest rate sensitive). BTW, would you call my Agilent a NAZ stock? 8) It is wearing a NASDAQ costume for Mardi Gras! welcome back. BTW, SFAM is wearing a nice costume also!