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To: Think4Yourself who wrote (64636)4/14/2000 3:36:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
John QP - If the market really suffers then demand for oil will too, just not as much. The overseas markets are getting hit by this too. It's possible we could take Asia back into a recession by ourselves. This is an ok level here, but if we lose another 20% then I may trim ALL my holdings back and go 25-40% cash. I think equal weighting of techs and oils might be good then. Right now though I'd rather overweight oil.

Right now this is a VERY health correction. Some call it a bear, but I don't. The techs would have to close and stay below the 200 dma to convince me. Plus I don't see the internet going away anytime soon.

Let's not be too gleeful if this selloff continues much further. JMVHO.



To: Think4Yourself who wrote (64636)4/14/2000 3:44:00 PM
From: Timelord  Respond to of 95453
 
I'm sorry, I didn't realize you were perfect... <GGG>

Alex



To: Think4Yourself who wrote (64636)4/14/2000 6:40:00 PM
From: CommanderCricket  Respond to of 95453
 
I have to jump in on this. I agree with Slider (maybe the salt is going to far.. but...)

I work in Electronics and spend 1 - 2 days in week in the Silicon Valley. The valley and the people who live there habitate a different country then the one most of us live in. I can not tell you how many people I have met that have become very weathly by just being the right building at the right time. It was unreal. This bubble needed to pop. Many just came to expect that they would become millionares with option.

I am hoping that this correction will pull the rug out from under fairy land.

We needed this correction in tech land.

JMVVHO - Survived (2% down for the day)!!