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: EL KABONG!!! who wrote (2796)	4/15/2000 2:40:00 PM
From: Mad2	Read Replies (2) of 3543

You know, I'm sitting here looking at all of the carnage from this past week, and I'm thinking that things can't get much worse Kerry, why do you think it can't get much worse? What about the zillions of Fidelity 401k investors examining their carnage, knowing they've done great over the past 5 years or longer.....considering/pondering the growth prospects (revenue and earnings) of US companies. Perhaps some of these investors who are highly exposed to equities (quite the fashion in the past two years to go 100%) might elect with a click or phone call to lower their exposure (following the advise of dear Abby) just a mite. Just as I think our equity market has become the talk of the modern age for its ability to perpetuate wealth (based on absurd valuations I need to add), is it possible that when rational investors wake up to the fact that the ponzzi scheme may not be self perpuating that they may decide it's time to take some off the table. Mind you this could be accelerated due to forced margin selling in the absence of buyers. That said, Monday should offer excitement for all. the Million $$$ question is will panic and margin selling overcome what the chart indicates might be a near term buy opportunity. Here's a chart compliments of IS on the compx members.magnet.at Predictions anyone???? mad2

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