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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (7152)5/24/2001 8:17:06 PM
From: craig crawford  Read Replies (1) of 57684
 
Pay attention to this part William.

"In this case, the decline in equity prices is more than a cyclical correction and more likely a
longer-lasting reappraisal of fundamental risk and value," he said. "And the retrenchment in high-tech
investment also reflects the downside of the frenzy of investment during the early stages of the
productivity acceleration."


Translation: It was a bubble and not just a bull market with a correction and your stocks are never going back to the lofty valuations they once enjoyed.
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