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Technology Stocks : All About Sun Microsystems
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To: Yaacov who wrote (39637)12/23/2000 1:29:27 PM
From: Prognosticator  Read Replies (1) of 64865
 
Those who refuse to learn from history are condemned to repeat it. I don't predict that we'll go back to 1000, all I'm saying is that Alan Greenspan said the market was showing signs of "irrational exuberance" when it was only at 1000. Granted he was referring more to the DOW stocks, which are now three times their level then, while the NAZ is only 2.5 times. So I extrapolated: if he considered 1000 was irrational exuberance in 1996, hi might consider it rational now, four years later, at 1000.

My school of economics? The school of hard investment knocks, graduate cum-laude Y2K with a 50% portfolio reduction from it's bubble peak :)

P.
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