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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3299)	5/6/2002 2:44:47 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 6346

Talked with my broker today....my weekly sentiment poll. Only one of his customers has shown fear. An older couple who is mostly in fixed return investments, but had a small position in equities. They sold everything last week. The rest of his clients are still buying the MER line that the market is overreacting.

To: John Pitera who wrote (3299)	5/6/2002 2:57:33 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 6346

the bull market period during the 1990's was long enough that it made most investors look to stocks and expect a 20% + return. The flow of funds went to the managers who were investing in the equities that were going up like that. And that's what contributed, in part, to the speculative bubble. Fund managers who resisted buying internet and tech stocks at incredible valuations got left in the dust and didn't have much job security. The money went to the managers making money, at least until the bubble burst. Recall that Warren Buffet sat out the great tech run, and was derided for it by a number of people. He doesn't look so dumb anymore.