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?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: Dale Baker who wrote (2254)	1/1/2000 5:21:00 PM
From: RockyBalboa	Read Replies (1) of 3543

I believe, both sides have made valid points. However, I'm a bit worried about the absolute level of the market, not its volatility. That means, the buying opportunities are shrinking dramatically, likewise heavy bets on the short sides are made. If there are no more bargains in sight - publicly conceived - then the mood should turn. My take is that the market needs some decent profit taking ("patented swandive") before new (or recycled) money can buy more, then again cheaper shares. That should prevent a "crash", in fact. The last what we need is a languishing, dull market ...with no tension on the rubberband on either side. And finally, it demands openminded, forward looking lawmakers and politicians. Restricting trading, or imposing taxes/hurdles on the internet is poison. .... Acutually, the announcement of sales tax collection helped bomb the e-tailers into halves amidst the overall bull market. When was the performance divergence between AMZN and YHOO/CMGI etc. at that level?

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