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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Eski who wrote (36606)	11/12/2000 7:22:22 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

Eski, your cribbing off me right? you know, where a butterfly's wings in China cause a change of weather in California. This time, it's a butterfly ballot in Florida, and it's causing a tempest in Washington. pearly.

To: Eski who wrote (36606)	11/12/2000 7:47:24 PM
From: chic_hearne	Respond to of 436258

Cool post, I hope you didn't just call a short term bottom. -ggg- The market needed this election quagmire like another hole in the head. Apparently, the Electoral College study course offers a major in chaos theory — you know, where a butterfly's wings in China cause a change of weather in California. This time, it's a butterfly ballot in Florida, and it's causing a tempest in Washington. Now we know how many punch holes it takes to fill Palm Beach. There are many factors at play here of course. No one will ever really understand why the Naz finally will decide to go. Much like your butterfly analogy, it will just be the straw that breaks the camals back. This has been building up for some time and at this point anything can pop it. One thing I think that is really at play here in this election debacle is how everyone is able to take a second look at different stocks and industries and guess how they will fare based on who becomes president. Tobacco and drugs are obvious examples of this going on right now. If you look beyond the obvious examples of who will fare better under one guy or the other, the market is telling us something, mainly in tech. When an investor or fund manager looks at Cisco or Oracle you'd think both would be good buys because it really doesn't matter who wins. Why not dump money into those stocks while you wait to see if you want to buy Phillip Morris or Merck? This isn't what's happening though. When you take a look at the overvalued tech, the resounding answer is that they will go down regardless of who becomes president. This is partly why they are getting sold IMHO. What I **FEAR** is that when this election is finally settled, few will see it coming and it will lead to one of these 8% ralies in the Naz in one day. There are still a lot of ClownBux out there and everyone wants a bottom, so it won't take much buying to make the players pull there asks and drive this PIG up a ton in one day. If we get a rally like this, I'm going midevil at the end of the day because the middle to long term trend of down is clearly intact. What is confirming this to me is EVERYTHING with a high valuation is getting sold even if business is absolutely booming, such as SUNW and EMC. This is entirely different that the other lows we've seen where there were pockets of strength in Networking or Semiconductors.