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To: pater tenebrarum who wrote (2361)	7/6/2000 2:50:58 PM
From: chic_hearne	Read Replies (3) \| Respond to of 436258

Re: the Fed is printing so much money, you simply don't get a BK with such a deluge of liquidity. doesn't matter if earnings are lousy...all that counts is the amount of dollars in the system heinz, Tell me about it... Also, baby boomers did not plan for retirement and are dumping billions upon billions into mutuals.... My mom works for Merrill Lynch and their new Internet fund is having $100 mil a day in inflows. If you're the fund manager, what do you do? You buy more dot bombs.... keep inflating the bubble.... Stocks like INKT and YHOO that can actually show any profit, even a tiny one, get inflated the most... Individual investors are the worst. My dad is taking control of part of his retirement fund via schwab. What's he buying? You guessed it, stuff he knows, Cisco, Sun, EMC, etc. I couldn't talk him out of it, he has no concept of valuation, as do many individual investors.... Everything started to go wrong when the big guys let the little guys start playing their game and managing their own money....

To: pater tenebrarum who wrote (2361)	7/6/2000 5:38:58 PM
From: Rarebird	Read Replies (1) \| Respond to of 436258

<The Fed is printing so much money, you simply don't get a BK with such a deluge of liquidity. doesn't matter if earnings are lousy...all that counts is the amount of dollars in the system> Those are Wise words of Wisdom. Also, I think the 37% decline in the NAZ earlier this year discounted the earnings shortfalls we are now hearing about. I'm long the QQQ here but I'm no flaming or raging bull. I think the Naz can rally back to 4450 by the end of the year before we get another leg down of consequence below NAZ 3000 in 2001. I agree with you about July 16. I think it might be a cycle high. The XAU looks horrendous. What a pitiful dead cat bounce today. I still see some kind of rally forthcoming this summer.