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?

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Jun 26 5:00 PM EST

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To: EL KABONG!!! who wrote (3161)	10/30/2000 12:05:09 PM
From: Mad2	of 3543

More commentary on NASDAQ troubles. Seems that what once drove new economy stocks to absurd levels (overweighting) may now cut the otherway (normalizing) Mad2 biz.yahoo.com ``There is an attempt to get to normalized portfolio weightings. That is going to continue to weigh on technology stocks and they are still extraordinarily valued,'' said Bill Meehan, chief market analyst at Cantor Fitzgerald. ''It means money is going to continue to rotate into other sectors and other stocks. We will continue to see the Dow or the S&P outperform the Nasdaq,'' Meehan added. The market is still keenly focused on technology sector troubles, said Barry Hyman, chief market strategist for Weatherly Securities, particularly after cut in Cisco's price target.

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