Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Erik T who wrote (231)	10/26/2000 7:47:08 AM
From: Bruce Brown	Read Replies (2) of 74559

Erik wrote: ...I am going with NASDAQ = 1,800 within two years. But when the panic sets in the bottom may be quite a bit lower. Oh, you do that. Go ahead. Tuck your money under the mattress until we reach Nasdaq 1800 within two years. Don't worry that the long-term TL is between 2700 - 2800: home.talkcity.com Don't worry that there are an entire group of companies growing revenues on a y/y and sequential quarterly basis level never before seen in the history of technology (in terms of the sheer amount of companies growing at that speed) ranging from 250 - 600%+ (y/y) and 25 - 75%+ (sequential) in the most exciting technology adoption life cycle since the PC TALC began in 1980. Don't worry that it is a normal process for interest rate, bond rate and taxation on business profits to adjust valuations in both directions when the economic conditions warrant the adjustment. It's normal, it isn't a jump off the cliff for those that understand this 'normal' adjustment. Just stick to your target goal of 1800 on the Nasdaq and ignore any development and growth within high technology for the next couple of years. Eventually, that mattress money will be eaten by the dust mites or will be pulled out and put to work in the long term investment vehicles that one needs to build capital. Even Fleckenstein will get bullish long before Nasdaq 1800. Silicon Investor would have to find a new writer for the column or he'd have to change his tune, cut and color his hair. He's got kids he needs to put through college and he's bound to raise the cash to foot the bill. BB

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