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?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: Mad2 who wrote (2863)	5/20/2000 3:36:00 AM
From: Dale Baker	Read Replies (2) of 3543

Hi Mad - it's safe to say we have seen more than a 20% drop and the end of the five-month runup that started in October. I am still very interested in this chart - quote.yahoo.com^IXIC&d=5y - because when I trace the average slope from left to right over a long period of time, I only see the Naz regressing to the mean, not breaking. That's why I wouldn't call the end of the tech bull yet. The underlying technologies are still growing like a weed. The question is how the market will value the best tech companies going forward, and which will survive the shakeout. TRRA has been a great short lately. That is one example of the "re-valuation" that should go on in a tougher tech market. Regards. PS Seeing other low-rent permabear posters here gloat and dump on everyone else makes me think that a bottom is starting to form. It's also a funny quirk of human nature; they howled with pain that their wisdom was ignored before, now they claim the right to dictate the market analysis orthodoxy. As my daddy always said, living well is the best revenge. And I am still living well off what I have made in the market since last year. Head very much intact and in place. I can't think of a traditional Wall Street manager who wouldn't give his nextborn child for the returns that many longs have racked up in this market. Especially since many did so badly by drastically underperforming the averages since 1997. It's all about how much money you make over time, not who's ahead or behind this week.

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