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Strategies & Market Trends : The Stock Market Bubble

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To: The Ox who wrote (3196)	5/31/2000 9:02:00 AM
From: Tommaso	Read Replies (1) of 3339

Some stocks are still priced at ten times what they are really worth, some at five times, some only 50% more than they are worth, and a very small number are priced in accordance with reasonable expectations of how the companies may prosper. I do not expect a 1932-style bottom where the average drop from 1929 highs was on the order of 85%. I would not be at all surprised to see a Dow at 7000 and the Nasdaq below 2000. It's pretty easy to look backward and say that the Nasdaq was too high at 5000. It wasn't so easy to say that three months ago, as some of us most emphatically did. And it does not improve discourse to use words like "moronic"--especially when the rest of what is said is studded with errors of grammar and diction.

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