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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 236.73-6.1%Jan 30 9:30 AM EST

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To: Jim McMannis who wrote (79743)5/8/2002 1:13:18 PM
From: tejekRead Replies (1) of 275872
 
RE:"First, there's not a bubble in the DOW. Many DOW stocks are richly valued but nothing like the Naz at its peak"

Exactly, the DOW never got that far and you got to it later. Rather than comparing a '29 DOW chart to a '00 NASDAQ chart think of it as comparing bubble to bubble.


But the problem with that comparison is that you are talking two very different sized bubbles. The Naz bubble burst and we've had [at least so far] a relatively mild recession. The 1929 Dow bubble burst and we had the Great Depression. Big difference!


RE:"The ramifications of that popping have already been felt in the economy"

Well to we go full cycle or get away with just current damage? Real Estate is bubbling just like the NASDAQ...humm.


It is? How's that? Commercial vacancy rates, except in specific hi tech markets, are not nearly as high as the last recession, let alone in a depression. Apartment vacancy rates are low except for a few overbuilt markets. Housing prices are at their highest level in history but then again the home buying population is at a high, particularly in the the purchase of high end homes......that's because boomers are buying their ultimate big houses. And its the numerous purchases of expensive homes that is pushing the median price up, not simply inflationary pressures.

RE:"Of course, all bets are off if Hamas sends a suicide bomber into Chicago!"

if or when?


That's right.......if and when.

ted
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