To: Arthur Radley who wrote (141 ) 2/27/2001 4:55:21 PM From: opalapril Read Replies (2) | Respond to You know, I think there is more to this frustrating market than a rejection of high p/e stocks or an emphasis on value. If, as I have seen it claimed, "money is moving out of tech and into value" why is the evidence of this so spotty? For years I have followed a number of undoubted value stocks -- big oils, REITs, financials with solid balance sheets, high dividend paying companies, etc. Many of those are suffering almost as much as the broad tech market; or if not suffering, at least they seem as dead in the water as they ever have been over the past two years. This leads me to ponder if what is transpiring is a wholesale avoidance of all equities by mutual funds, large institutions, and investment banks. With all the money thought to be on the sidelines, I wonder if they're playing with options, bonds, commodities and other short-term vehicles more than has been revealed?
