Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: KeepItSimple who wrote (2051)	10/21/1999 11:34:00 AM
From: Enam Luf	Read Replies (2) of 3543

<<He said most people should avoid investing in Internet stocks; that those who do invest should only put 5% to 10% of their portfolio in those stocks; and that even that money should be spread among 10 to 20 best-positioned companies. "Investors are far too aggressive," Blodget said>> ...And so he washes his bloodstained hands and relinquishes himself from any responsibility for creating said overvaluation and aggressiveness. Henry Blodget is IMO, nothing more than a glorified momentum trader. There is a saying in some i-banks, "the analyst is a banker's bitch," and while I think (know) that many times analysts are pressured into recommendations by bankers who don't want to see their IPO gravy train come to a halt, those who go along with such blatant misrepresentation are not blameless, neither are investors who have brought it on themselves. -enam

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