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: nihil who wrote (2228)	12/26/1999 8:21:00 PM
From: Sr K	Read Replies (2) of 3543

Aside from the response by KeepItSimple about stocks not surviving, you misquoted John Templeton, excerpted from Wall $treet Week with LR from 12/24/1999, which was a replay from January 1997, I believe. The math is that the Dow at the peak was 381, and when that show was broadcast in 1997 it was about 6700. It is that ratio of 6700/381 that made the 1997 result $17 million. Sir John was referring to the Dow Jones stocks, I believe (but I've already recorded over the program), not the overall market. So one would have had to "adjust" his portfolio every time Dow Jones & Company removed and added a name (i.e. tax consequences), such as when GF was taken over and the other more obvious ones. Similarly, the figure Sir John used for the reinvested portfolio, would have to be brought forward nearly 3 years, and would be at least $420 m.

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