Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: OWN STOCK who wrote (1969)	2/20/2001 10:24:00 AM
From: tradermike_1999	Read Replies (2) of 74559

Jay: While it is true the values in the top 100 (mostly techs) are still too high by traditional methods of valuation, I would argue they are in fact greatly undervalued... As far as top techs are concerned, aside from biotech (for which I plead no special knowledge), most are based on (to a greater or lesser degree) building the worlds largest construction project: the world wide web... Over 120 years ago railroads were laid all over the country. These railroads changed the entire face of the economy like no other invention in US history. It allowed corporate consolidation and productive gains that make the internet look like a joke. Where are railroad stocks now?

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