I revisited your posting and have some more comments...
If these 34 companies were already hot in '80, when the overall market was cool, then an extended bull market obviously would help other companies more than these 34.
"Obviously"? So you think that if the bull-market carries on, the CSCOs, the INTCs and the MSFTs would turn out to be inferior investments when compared to some of the others that are out there and less-known at this point in time (like LSI perhaps! <g>)? I am not disagreeing with you. Just pointing out that the crowd doesn't agree with you!
But what is even more obvious is that if there is a bear-market, all those "safe" stocks will get creamed beyond belief. So, why do people still hold those stocks? No idea!
How did he define "hottest"? Based on underlying fundamentals, or just stock price?
I would think that he defined "hottest" based on what the people were buying and trumpeting. If he were to be looking at the underlying fundamentals, he would be picking stocks, not studying and reporting on what the investing public was chasing at that point in time.
Btw, I have asked the author of that Newsweek article, Jane Bryant Quinn, about more info on the 34 stocks that were mentioned in the article. I will forward the reply as soon as I get it. |
