Y2K damage reports Message Board

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Technology Stocks : Y2K damage reports

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To: Gersh Avery who wrote (270)	2/7/2000 10:21:00 AM
From: Bill Ounce	of 286

re: not too much went bad, the bubble I expected a "bump in the road" to a "bug induced recession". I did not expect any collapse of civilization, but am still a bit surprised at how smoothly things went. Not too many damage reports out there. As for the "bubble", I'm not certain. It seems that many stocks are overvalued, but who knows when the big correction event will come? Think it's best to play both sides with both tech stocks and some bearish funds. Don't know when the big correction event will happen. It could happen tomorrow, it could happen 10 years from now. Smart diversified investors will make a killing in tech and then periodically re-allocate to cover their butts for a crash. :-) If people don't diversify, they will eventually learn an expensive lesson. 100% bearish folks have been waiting for the crash for the last 4 years and have made little money. People who are 100% bullish have put all their big gains at risk.

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