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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (128565)	7/18/2001 9:24:05 PM
From: Kevin Podsiadlik	Read Replies (2) \| Respond to of 164684

I'll give Kearney this, it was a genius of a market timing call. Just a pity he chose to put it a long-term context. Actually, I've found a fairly practical use for tracking Kearney's stock basket. I call it the "same old same old" index, after a phrase one of the TSCM writers used to describe how investors and especially fund managers continue to have a tendency to return to the same names they got beat up in over the past year. Anytime I see the index up more than 5% I know this is what is happening. The theory is, if the market rallies but the SOSO index rallies significantly more strongly, then this is only a temporary rally and can be sat out in relative safety. But if the markets, especially the Nascomp, rally, and this index does NOT follow, then it could be taken as a sign that the investment community has gotten over its "addiction" to high-multiple tech stocks, and we may well have found a solid foundation from which the markets can truly rally long-term. Anyway, it's something to do while my liquid assets are tied up in a real estate transaction gone FUBAR.