All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: re3 who wrote (15982)	3/10/2000 12:05:00 AM
From: pater tenebrarum	of 42523

Ike, no need...i can tell you. most of the -tron cos of that era ended up losing between 75-100% of their value. the 'nifty fifty' (all, or most, high quality blue chip stocks) lost between 60-80% of their value, in spite of continuing to grow revenues and earnings. most took between 12-15 years to recover their highs, and some never made it back. forget about '87 or '98...those were wake-up calls that ended up as blips and were soon forgotten. in fact those two events have cemented peoples complacency, as it is now assumed that the market ALWAYS comes back right away. that's a fallacy. there can be insidious bear markets of long duration...note that several Dow stocks are already at multi year lows. e.g. with Coke you'd have lost money over the past four years. all the rationalizations one hears with regards to tech stock valuations are crap imo...decades, infinity, and the hereafter have been priced in some 2000 Naz points ago already. this is an investment mania, pure and simple.

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