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To: RocketMan who wrote (7511)	3/11/2000 11:13:00 AM
From: Boplicity	Respond to of 24042

re: I think we will see the mother of all rotations, and the Dow stocks will be where the action is Only if they dot.com themselves.. That's why stocks like ORCL will continue to rise. Frankly most of them will never come back as must own stocks, particularly the defensive issue like PG, KO, SLE etc etc. You have to remember we have INTC, MSFT, HWP, IBM and maybe CSCO as DOW stocks, that is where the economy is going. I got a feeling you will be in cash a long time, waiting for the big board stocks to come back. greg

To: RocketMan who wrote (7511)	3/11/2000 11:21:00 AM
From: N. David Lessani	Respond to of 24042

<< I think we will see the mother of all rotations, and the Dow stocks will be where the action is. I'm holding back a lot of cash waiting for that to happen.>> Wall Street starting to realize and accept "New economy vs old economy". GE in 1940's had good business in vacuum tubes for early computers .It did not want to change when semi conductors came along and as you see never succeeded or even participate in this business (INTC and .. ate their lunch).Digital Equipment ,World second largest computer maker at the time did not believe in PC and was too late to get into this business and the rest is history. As Lester Thurow of MIT said it so well, old economy either has to change or destroy and reinvent themselves OR someone else will do it for them.

To: RocketMan who wrote (7511)	3/11/2000 9:16:00 PM
From: Poet	Respond to of 24042

RM, Your overview of the current market situation and possible direction is cogent and I agree completely. If you don't mind, I'll copy it on the options thread.

To: RocketMan who wrote (7511)	3/11/2000 11:06:00 PM
From: SJS	Respond to of 24042

You will NOT see DOW stock get a lot of cash Long Term. A paradigm shift is occuring. I probably won't buy stocks like P&G, or KO, because they can't grow their revenues and earnings like tech, biotech, opticals, wireless, semiconductors, (BOWS© Investing) or even some financials. So you may get an oversold bounce, but sustained LT money flows in KO or Colgate or P&G or an "old economy" stock are not in the cards for the new breed of investor. That being said, if these companies find ways to unlock better growth and or more value to their investors via spinoffs or whatever, then we've got some new rules and DOW stocks might be fun. You better believe that boardrooms all over America are looking at this right now. This new breed of investor chases immediate gratification, and won't be weaned easily from the "fix" of fast money. Only high growth stocks in the technology previously mentioned command that type of attention. When you drive your car comfortably at 85 mph on the highway, slowing down to 65, 45 or even 25 feels like you're crawling. It's gonna be very hard to experience that type of "withdrawl" after 5 years of investing in chippies and opticals. Many won't. They'll stay invested in these even to the cycle peak and then find the next best technology or sector that's hot and move it there, if they can. The hotest of the hot may be only be returning 15%/year, but if that's the best, that's where the money will go. I can just imagine the recession we'll be in if the best you can do is 15%/year. I do believe there will always be selected stocks and sector doing better, so that's what I am continuing to look for. Technology is the only thing I can see on the horizon with the execellent kind of number I am looking for. FWIW. Steve PS: The other mad scramble is Value Fund Executive Boards looking for Growth FUND MANGERS to complement their current Value Fund teams. It seems that the only way to attract money to Value Funds is to make them more "Growth-like". Adapt or wither.

To: RocketMan who wrote (7511)	3/11/2000 11:54:00 PM
From: cfoe	Read Replies (1) \| Respond to of 24042

...and the Dow stocks will be where the action is. I'm holding back a lot of cash waiting for that to happen. Before implementing the above investment plan I recommend you wait to buy and read Geoffrey Moore's upcoming book. I agree with you that sometime in the future there can be great returns in some of the current "old economy" stocks. However, after hearing Moore give a talk based on his new book, I believe it will be a while.