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Return-path: HBernst963@xxxxxxx
From: HBernst963@xxxxxxx
Full-name: HBernst963
Message-ID: <0.877bfdc.2593734f@xxxxxxx>
Date: Thu, 23 Dec 1999 07:45:03 EST
Subject: Re: [RT] Re: Dilemma
To: ggautier@xxxxxxxxxxx, realtraders@xxxxxxxxxxxxxxx
CC: serenity-trading@xxxxxxxxxxx
MIME-Version: 1.0
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The public is very bullish. I was at a Christmas party last night in a
Washington DC suburb and people are fat and happy. They are buy and hold,
long term bullish and convinced that if the market goes down it will come
back because it always has, etc.
Some are moving their stock funds now from index funds, since the S&P 500 has
underperformed the NASDAQ, to agressive growth funds or they are just buying
some of these Tech stocks such as CMGI, Qualcom, DELL. Valuation means
nothing to them because the market seems to always go up.
Go figure,
Howard
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