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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (5488)	7/6/2000 8:01:11 AM
From: WTSherman	Respond to of 5676

Those top 10% will have other worries. You are completely correct, IMO. I was simply saying that a change of $100/week in retained cash doesn't mean much to the top 10%, but, for just about everybody after that $100/in new, non-deductible expenses means alot. Yesterday's market action was very interesting, especially the reaction CA/BMC. You would think that seeing 40%+ of the market value of these stocks blown away in a day would inspire a little fear in shareholders in the "bubble babies". Somehow the market has not connected the concept of "economic slowdown" with the notion that this means slower revenue growth(or, gasp, negative revenue growth) and significantly reduced profits. If I were long on puppy's like EMC I would be immensely paranoid that this earnings report or next earnings report wasn't going to show the "positive" surprise that has continually fueled the bubble growth in the share price. In that case a 50%+ shrinkage is almost a certainty...