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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (4851)	3/12/2000 12:20:00 PM
From: Street Hawk	Read Replies (2) \| Respond to of 19428

I think what's happening is that the money flows are strong like they have been over the past 5 years, but instead of going to all sectors, they have been focused solely on the tech sector, which is why you see these crazy moves upward. Also, when the so-called old economy stocks start coming back, the tech stocks will look less attractive, since right now, I think a lot of these funds are heavily overweight tech and if we see one of those August '99 corrections, a lot of them will be scared back into the old economy stocks. And, to quote Jonathan Hoenig of thestreet.com, "A lot of these tech stocks are like women, the better you get to know them, the less you like them." :) I don't think the Street really knows what these companies can really do, as far as profitability is concerned. As for the early retirement of baby boomers hitting it big with their momentum tech investing, I don't believe it will be signficant because these are the greediest type of trader out there. They aren't satisfied with their 200% YTD returns, they want more. Its these momos who ride these stocks up who will likely ride them down, thinking that all down moves are just dips. I guess they never saw charts of ETYS or RHAT or VUSA or even AMZN over the last year.

To: Mama Bear who wrote (4851)	3/12/2000 2:13:00 PM
From: who cares?	Read Replies (2) \| Respond to of 19428

MB, I also used to think that the retirement of baby boomers, and the removal of their money from the market might finally unwind this bull. I believe that less and less. Now I wonder if in fact the opposite won't be true and the retirement actually lead to more lunacy. How many of these boomers will suddenly have a lot of extra time on their hand and take to trading stocks on their own instead of letting aunt Janus do it for them. It's already happening with todays retirees, and they in many cases are not computer savvy. It should be a much larger phenomenon when boomers that are more comfortable online retire. I their will be a large enough number to keep things nutty for a long time will start doing it themself. It's also not like they'll just be taking money out of some stocks that their mutual fund holds and putting them in momo stuff, they'll also be taking out of bonds, real estate, sale of business, etc. So the outflow could largely be offset, if not done away with completely. CMB