If you listen to CNBC there seems to be a common chant among analysts that the tech stocks are the place to be. Most analysts seem to think that earnings growth will slow next year for everyone but the tech stocks. However, watch out for the semi-conductors. Short interest and insider selling is building. Oddly, as inflation, DRAM and Y2K fears hammered much of the techs last week, the overvalued Internet stocks as a group advanced.
People seem to be flocking toward companies with high growth potential.
We're on a rollercoaster ride. Go fishing or start an online business, but don't watch this stock market on a daily basis or you'll run the risk of getting shaken out prematurely. If you're a trader, get in there and have fun. You'll either win big, get stopped out or lose so much on paper that you'll join the ranks of longterm holders. I don't see much down side risk.