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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (22129)	7/14/2003 1:33:55 AM
From: lurqer	Read Replies (1) \| Respond to of 89467

The tech-stock rally could go a lot farther "The market, especially Nasdaq, has decoupled from the fundamentals of the underlying businesses" "Both technology and growth funds have been underperforming the market year-to-date, particularly in the last three months," he says. "That's created a bit of a beta chase, as they look to catch up." "increased optimism on second-half spending," Note: Not increased second-half spending, but optimism on second half spending. Maybe the author of this, moonlights as a State of the Union writer. And no mention of massive insider selling in tech companies. Still the first quote is correct. Trying to pick the top in a momentum driven market with the unprecedented liquidity and outright manipulation currently influencing this market, would be foolish. JMO lurqer