Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (55215)	6/26/2000 9:56:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116753

this is evidence of topping, people all want to buy gold, buy bonds and be in cash at bottoms, the trend is topping, as evidenced by the declining advance/decline line, only a few are pulling the weight. Then Bobby, I think you should follow your instincts and your analysis and heavily short the QQQ tomorrow. As for the real estate boom, the baby boomers accounted for much of that as well, as well as fast food...etc. Ignore the demographics of the market at your peril. Regards, Ron

To: bobby beara who wrote (55215)	6/26/2000 11:10:00 PM
From: Rarebird	Read Replies (2) \| Respond to of 116753

Bobby, the money that is coming into the stock market on a monthly basis from 401K's is up against massive insider selling in tech stocks, along with tremendous institutional selling. No one in their right mind would invest in equities as profit margins become squeezed, inflation accelerates and growth dramatically slows. I encounter many of these people who make their monthly contributions on a daily basis. They do it because it is a habit (sorry for sounding superficial) and they don't know what else to do with their money: they are completely drugged into thinking that the stock market is a continuous money making machine and they think the government will do anything (sorry, Richard) to preserve and enhance their wealth. Boy will they be shocked in the next couple of years. There is no talking to them: they talk in such an euphoric manic manner that has traditionally been associated with tops. As you know, I was insanely bullish myself for quite a while. But as business conditions worsen, the money will be coming out of equities into other attractive investment vehicles. The bottom line is that the Economic Cycle has not been repealed.