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To: vip who wrote (69981)10/7/1998 5:19:00 PM
From: larry  Respond to of 176387
 
The thing is that maybe the market sentiment is so poor that when DELL confirms that it's having a great Q, the market wants to know what about the next Q, next year...etc. Basically I believe that the market lost confidence in even the best companies. The donwgrade on CSCO snowballed everything.

As far as the internet goes, the market believes that they can grow at a triple digit rate and deserves a lofty premium. Also the heavy short interest in these issues help these issues to stay at lofty values.

larry!