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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Shack who wrote (61824)5/4/2002 9:12:26 PM
From: t2  Read Replies (1) of 99280
 
The ramping up of technology within the greater economy in the late 90's was the aberration as were the bubble valuations.

Exactly. That is what tech bulls missing.
Even if the economy picks up significantly, tech spending will be nothing like it was in the 1990s. Even a PC buying cycle (to replace pre-Y2K PCs) can only result in temporary surge...and not be sustainable over a longer period.

In the best case scenario, many of the tech stocks can grow into their PEs. Too big of a gamble to take, imho. A lot can go wrong along with the way; and it probably will.
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