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To: Alias Shrugged who wrote (22271)2/27/1999 5:38:00 AM
From: accountclosed  Respond to of 86076
 
I agree with what you have said here...but my thought was along the lines of being surprised that this series of mini tech wrecks haven't been sufficient to trigger the

Big dump comes when folks get real nervous and start moving money out of the big cap growth funds



To: Alias Shrugged who wrote (22271)2/27/1999 8:43:00 AM
From: accountclosed  Read Replies (3) | Respond to of 86076
 
The lunatics who get involved in S&Ps actually had the S&P futures to the plus side by about half a percent with about 10 minutes to go, even though the tech stocks, which basically have been the entire stock market, were going out on their lows. I don't know if that was somebody trying to paint the tape for the month or not, but it seems absolutely staggering that anyone would want to run in and buy S&P futures late on a Friday afternoon given the rout that went on in technology.

It will be interesting if this rout has any affect on light bulbs turning on across portfolio managers' brains, although from past experience I don't have high hopes about them connecting the dots too quickly.



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