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To: Lucretius who wrote (6076)12/16/1998 9:19:00 AM
From: MARK BARGER  Read Replies (2) | Respond to of 14427
 
LT, I've been lurking on this thread off and on for several months.
A lot of thought provoking posts here lately. My take, forget about all small caps, they will never catch up to the big caps, I've been waiting for years for the nice earnings growth in them to be rewarded.
No chance in this market. The earnings warnings from the 9 Dow members, forget them, they don't matter. The high P/E's with no growth rate, forget them, they don't matter. The slowing economy, with a possible recession, forget it, it doesn't matter. The freakin' president is getting ready to be impeached, forget it, it doesn't matter.

My take is, all that matters is there is a choice for most investors between 3% money market rates and the equity market. With rates looking to go even lower, even more money will continue to plow into this market, looking for the safe, boring names. Liquidity rules!
Screw Asia/Russia/Brazil imploding, there effects on our economy apparently don't matter. Until the sh** really hits the fan some where this market will march upward on the backs of the big caps, leaving all else behind. Until that catalyst, stay long this big fat pig of a market.

Good luck to all, keep up the good thread!

Mark



To: Lucretius who wrote (6076)12/16/1998 9:32:00 AM
From: SJS  Read Replies (1) | Respond to of 14427
 
OK, LT, do you care about this?
_____________________
09:23 ET Amazon.com (AMZN) 242 3/4: CIBC Oppenheimer raising 12-month price target from $150 to, you won't believe this, $400. Firm maintains its "buy" rating on the stock. AMZN bid 11 pts higher in pre-market.