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To: DD™ who wrote (15453)11/23/1998 7:02:00 PM
From: Smart Investor  Read Replies (2) | Respond to of 27307
 
In a few days to a couple of weeks when YHOO crashes, people will ask who are the fools who bought at > $200. The following is from CBS Market Watch, which is much better than YHOO finance. Are we in the blow-off stage of internet ? many people think we are.

"But market breadth was clearly lacking, the house-rocking performance by the blue-chip averages notwithstanding."

"There's two markets out there," said Phil Roth, chief technical market analyst at Morgan Stanley Dean Witter. "One is the market for the S&P 500 and glamour and blue-chip stocks, which is best described as a mature bull market.

"Everything else you could describe as being in a mature bear market, or a rally in a bear market, if you looked at the Value Line index, the Russell 2000 index, or the advance-decline line," he said.

"We're at a blow-off type move in things like Internet stocks and some of the financials that have attracted deal players. The rest of the market is sort of following along grudgingly."



To: DD™ who wrote (15453)11/24/1998 5:42:00 AM
From: Deb H.  Respond to of 27307
 
I haven't made a Million but apparently I'm not in the same league as you guys. However, since Oct 1997 my IRA has gone from 19000 value to $45,000 (only funds I've had to play with) due exclusively to I'net stocks (& the fact that without tax consequences, buying & selling on downs & ups hasn't been a problem.) I'm happy w/YHOO. Bought it because, as an I'net novice I love YHOO as a user (& I don't use it for everything either) and I saw others with the same inclination. I'm not sure that a lot of these stocks & the current market aren't outside the realm of good research.