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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (22135)	3/12/2000 5:47:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Gina Vener: Dinosaur is an apt word. I wish I had been smart enough to realize that Buffett is incapable of investing in technology companies and shorted Hathaway-Berkshire last year.

To: gamesmistress who wrote (22135)	3/12/2000 6:33:00 PM
From: jfhh	Read Replies (1) \| Respond to of 57584

I think its a legit question re: Buffett, a man whom I have studied, respected and admired and even invested in over the years. This brings up a question that I'm sure the intelligentsia of this thread will think silly, but can perhaps be kind in their explanation to me <gg>. That is, if they are not out enjoying this beautiful day, at least here in Houston! Every year, without fail, the naz corrects one or two times, each correction between 10 and 20%. As well it should, as it tends to make swift gains. And, it can be said that this represents rotation back into the nyse. A great way to represent the two 'seasons' as it were. It even has a name - the summer tech wreck. Stupid question. What if they gave a rotation party and nobody came? What if nobody wanted to rotate back into the dinosaur stocks, the stodgy value plays. The Buffett stocks. What if, what if, what if? Without sounding like Creed, let me first say that I'm not daffy or naive enough to say or even suggest "It's different this time" because I don't believe it for a minute. I do believe that the market makers can make anything happen that they want. Will j6p be convinced to follow along this time? Does it even matter what the small investor thinks at any period of time? I'm not trying to be stupid but I have been pondering this for several days as I have been preparing to make the transition for the summer. To look at a one year chart of the naz is absolutely amazing. They last six moths frightening. But a three year chart shows that on both mid-10/97 and mid-10/98 the naz was roughly unchanged at a 1700ish level. The volatility was wild in between. Similarly, 1/99 and mid-10/99 show roughly 2400 levels. There was the same volatility in between and the naz has more than doubled since then. Those two periods just happen to represent large gains for the dow. Is it a done deal that the big board, which frankly has been struggling with 10k for almost exactly one year now, will be at 12k by October? It certainly doesn't look like this year's model could fight it's way out of a wet paper bag, much less 11k. These are simply musings on a Sunday afternoon. I enjoy reading every post during the week, and benefit from it. I did close at another all time high in the 401k account Friday. There are so many solid contributors. Thanks, y'all. Sincerely, John