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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: rsie who wrote (13127)4/12/2000 12:40:00 PM
From: Lone Star  Read Replies (1) of 15132
 
But what is IT, in the "it will come up." I think this will be a good learning experience for all the newbies who have never seen their portfolios reverse. I'm loving this, because as a long term investor in what I consider to be prudent, "real" high tech companies, the Naz as an index was absurdly valued, taken in the aggregate. Since it appears this is an orderly retreat (so far) we may well purge the excesses, eliminate the gamblers on margin, put the fear element so lacking back into the equation, and refocus at least to some degree on fundamentals which include earnings in some reasonable time frame.
An orderly retreat which doesn't affect the economy inordinately was the prescription needed, we may be seeing just that. I hope.
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