Today's Stock Market Swoon

[Tom Lehman]

One thing that I've noticed in my reading of general investment sentiment is a
real mood swing over the last 6 weeks.  There seems to be a real interest in the
fundamental value of equities.  Terms like market share are being used to value
the worth of an equity as opposed to they have got some new really cool product
that no one really understands because its soooo high tech-bio-tech-dot-com.  :o)

Tom Lehman

Apsken at aol.com wrote:


> >  It's possible, but you'd have to ask why it didn't happen
> >  last year or the year before under similar conditions.
>
>     That was before daytrading dementia and margin madness hit their stride.
> In recent months a lot of these types lost their shirts, but the ones who did
> make momentum money took their rightful place in Thorstein Veblen's pantheon.
> Now they have to pay up for their excess, probably at short-term gain rates.
>
> Ken Lawrence