>>I also don't believe that this will be a protracted bear as I believe that the cycles have become much more compressed. Personally, I am looking forward to the next speculative bubble<g>>>>>
JXM, sorry to burst ur bubble -ggg- but parabolic advances are not bases for future parabolic advances, they got nuttin left, wat ar dey gonna sell on investors now -g- - -the biotechs, the last refuge are starting to cave now.
they way i look at it in 96 you had a few stocks that were touted as "stocks of the decade" iom, prst, etc, during the run into the march bubble you had the whole "market of the decade" new era and all with just about any piece of junk with con, com, tech or net in it's name going parabolic, gaining 1000% in a few days sometimes.
i think this time it will take a lot longer to sort out than other corrections. At the March top you had the ultimate buying capitulation, i've watched the rydex #s during this whole decline in nasdaq and nobody wants to buy the nasdaq short fund, the bears may sound cocky, but they aren't backing it up with money. |
