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Technology Stocks : LSI Corporation

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To: Jules V who wrote (21926)	4/17/2000 1:57:00 AM
From: uu	Read Replies (2) of 25814

Every period in history contains its own logic when it comes to equities and the stock market. One can not possibly draw any conclusions based on past performance/reaction. 1929 was a year that differed drastically from 1973, as they both differ dramatically from the year 2000. The only common ground between the 3 is the fact that stocks were at the peak and then went down dramatically. However the reasons for each down trend differ drastically in each period. 1929 and 1973's down trend were based on (and in the words of Abby Joseph cohn) economic events while past 3 weeks downside trend has been based on market events! It maybe illogical to assume that stocks go up exponentially in a straight line, but it is even more illogical and absolutely idiotic to assume stocks will go down and the bull market ends in a highly run efficient economic environment where productivity outways a very controlled and maintenable inflation (thanks to a tightly technology based economy), where unemployment continues to be as unknown as the word "unknown" itself, and where for the first time over 30 years we are having impressive budget surpluses (thanks again to the economic prosperity everyone is experiencing and enjoying). One can go on and argue how expensive stocks are, and how illogical the market has gone up just because no other time in the past valuation levels have reached the current levels. But the truth of the matter is historically at no other time economic expansion has gone on so smoothly and so logically as the current period and continuing into the future. Yes there indeed is a bublle that needs to be (and in fact will soon be) burst. But that bubble is not the current stock market, but rather the notion that historical facts, data and trends can be applied to the current market conditions! It is illogical to assume the end of a bull market in a continuing prosperous economic environment. Unless cpitalism dies completely, the current equity market will continue to go higher. And Yes there will be bumps and sharp turns, but the direction (based on the current economic environment) is upward especially with stocks of those Companies that taking over the foundation of the economy (not only in the US but at global level). And these companies include no other but the US high tech corporations! Regards,

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