To: Bob Rudd who wrote (4634 ) 8/9/1998 6:01:00 PM From: James Clarke Read Replies (2) | Respond to
Just back from a three day vacation. It felt so good not to know where the market closed on Friday, and when I checked everything out today it seemed my value stocks both at work and in my own portfolio outperformed huge on Friday after getting creamed for the last three weeks. St. Joe up 8%, Trinity Industries up 4%, USEC back up to its IPO price, and more. That LaSalle Hotels that I posted the other day is up 15% for me in less than a week. And USEC came back nicely too. Did others have similar experiences Friday? The move seemed to be to broad through the watchlists I follow to have been an insignificant event, but Barrons didn't seem to have noticed. Also the Russell 2000 index of smaller stocks outperformed the S&P by a lot Thursday and Friday (like 2% or so). I find that to be a very good sign that the market acted rationally, at least for a short time. We'll see if it continues.
