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Technology Stocks : JDS Uniphase (JDSU)
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To: uu who wrote (21289)8/19/2001 8:00:29 PM
From: sea_biscuit  Read Replies (1) of 24042
 
In other words, you think that the insanity of 1999 will be repeated soon?! Interesting.

And btw, what makes you think that the $2 trillion in money market funds will get into the stock market? The increase in money-market levels has been a paltry 170 billion or so in the last six months. Not a whole lot when you consider the size of the equities market. Besides, maybe the money is meant to be there no matter what, perhaps? (I have some in MMs which is not going to be used for investing even if the S&P 500 dividend yield makes an all-time high!).

As for the tech stocks generating huge profits in the next 2 years, that would require Alan Greenspan doing something even more "heroic" than his previous "achievement" of feeding the bubble with easy money. But I wouldn't bet on the inmates taking over the asylum again.
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