This market is acting just like late stage bull markets have always acted in the past. What we have here are stocks that represent growth, not value. We have fewer stocks advancing and fewer groups, although it's broadening a little bit. |
We just finished the worst month we've had in seven years. Last week was a particularly bad week, with the S&P being off about 2.5 percent and a lot of people being on vacation. It just sets the stage for a bit of a bounce back today. |
What the success of America Online has to be is to generate additional advertising revenue. They can only up the subscriber fee so often. |