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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: garrick le who wrote (99745)	5/26/2000 3:48:00 PM
From: puborectalis	Read Replies (2) \| Respond to of 120523

There's too much money on the sidelines.........once greenspan stops pussyfooting around, I expect a summer rally in the tech arena, just when you least expect it.........I can not see a bear market going into the fall with elections.

To: garrick le who wrote (99745)	5/26/2000 3:52:00 PM
From: Lane Hall-Witt	Respond to of 120523

garrick: I agree, but the feeble psychological games go on as the big money desperately tries to lure small fries in and get us to buy their dying shares. Closing above the 2000 low isn't much, but it'll keep "Closing Low!" out of headlines for the long weekend. John Kenneth Galbraith's witty and devastating book, The Great Crash, 1929, should be required reading for all investors, traders, and speculators in today's market. The resemblance between 1928-1929 and 1999-2000 are stunning. There are crucial differences, though, that I think make today's situation less desperate than October 1929: namely the fact that margin debt as a percentage of overall market value is much lower today than it was in 1929. Nonetheless, Galbraith's book is instructive and relevant in many ways.