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Technology Stocks : JDS Uniphase (JDSU)
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To: John Koligman who wrote (19880)3/30/2001 12:17:08 PM
From: djia101362  Read Replies (1) of 24042
 
John-

It's easy for someone that has been watching the markets to for 30 years to make comparisons with markets of the 60s, 70s, and 80s. But in reality today's market is much different don't you think?

For one thing, the number households holding stocks has increased tremendously since the 60s and 70s and therefore many more households are being affected by this crash v.s. the '87 crash.

No matter how you look at it, $4 trillion taken out of the markets is not good for the U.S. economy. Although only a percentage of that would have been fed into the economy, now, none of it will.

I don't expect the Naz to get back to 5000 anytime soon. But I never expected the Naz to get to 1800 either, maybe you did, but I think most people did not. The markets always seem to overdo things, in both directions, up an down.

We all know how the game on Wall Street works. JDSU is a hold or even a sell right now. But you can bet your bank book that buy recs will hit the street when JDSU is at much higher levels. And that goes for all of these low priced tech stocks that have gotten 70%-90% haircuts. Nobody wants 'em now, but they'll want 'em at much higher prices someday in the future.

I'm not sure if y'all have heard this saying but I read it somewhere in the past week..."the foundation for fortunes are laid in a bear market."

It's time to start pouring some concrete guys.
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