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Technology Stocks : C-Cube
CUBE 37.27+0.5%10:32 AM EST
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To: Rarebird who wrote (36635)10/11/1998 2:31:00 PM
From: stak   of 50808
 
rarebird,
> Essentially investors were crowding into the fewer and
fewer stocks which continue to rise, thus bloating their values well beyond what is justified by these companies profits <<

yes and that feeling of invincibilty is going to make the safe harbor stocks very painful for the retail investor once ...

>One interesting parallel between 1973 and 1998 is that in both instances there were virtually the same tiny number of issues which were continuing to show technical strength.<

absolutely! one difference though is that in 73 it was out of greed and now it is more out of fear(looking for safe harbor).

>One notable difference is that today's " Nifty Fifty " are showing an average P/E Ratio which is 50% higher than at the inflated 1973 peak, suggesting that these large-cap beloved brand names are almost certain to lose about 90% of their value over the next decade after adjusting for inflation.<

ouch that's gotta hurt.you mean that even with the demographics of baby boomers pouring into mutuals, we'll still see a massive drop in capitalization in the mighty tech stocks?

> A New Bull Market will be in place when we see advances beat declines by more than a 2:1 ratio for a period of two weeks.<
let us know if you see a turnaround in this ratio.

stak
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