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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who wrote (4682)11/11/2001 6:49:43 AM
From: LTK007  Read Replies (2) of 99280
 
<I don't believe we will ever see anything in our lifetimes to bring that level of demand back, however much the Fed stimulates> the irony of Y2k is the doom that was being promoted and never materialized is actually the underlying cause of the tech wreck.
And yes,the massive tech demand created by the Y2k event,will NEVER be seen again.
many simply have not connected the dots on the various extraordinary circumstances that,in the NASDAQ,created what i actually consider as quite possibly the the most monstrous bubble in history.
Run-ups in NASDAQ now are a deep hope that the "greater fool" theory will once again work it's magic--maybe it will:),i don't know?
Max p.s, a footnote.I admit to be mildly curious regards the demise of the person we knew as "American Spirit"--i suspect that hysterical display that led to his evidently being banned from SI was driven from the desperation of someone who was margined to maximum danger levels.
On the week of 9/17,i can only surmise he was driven into bankruptcy.
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