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Strategies & Market Trends : Roger's 1998 Short Picks
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To: put2rich who wrote (15820)11/28/1998 10:52:00 PM
From: chalu2   of 18691
 
The closest guide we have to evaluate this is the Great Year 2000 Stock Panic of 1996-97. All sorts of stocks were bid up to the high heavens, and they ran for about 24 months up and down. Internet is different, and may have more steam. I think the insanity continues for another 6 weeks--i.e., until Christmas sales results come in. Those that do poorly are doomed; good performers will again head skywards, but this is when we will see the first cut.
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