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Technology Stocks : Intel Corporation (INTC)
INTC 36.24+0.2%1:24 PM EST

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To: wanna_bmw who wrote (172926)2/9/2003 7:40:10 PM
From: Tenchusatsu  Read Replies (1) of 186894
 
WBMW, <So by implication, you are saying that the bear market was caused by fraud?>

In a sense, it was. The "New Economy" was nothing but a sham. Shame on me for not seeing it that was and actually believing that valuation doesn't matter.

Who is to blame for creating this myth? Certainly not Intel exclusively, though you could argue that Intel got caught up in the "New Economy" mentality like everyone else. I'd argue that Carl also got caught up in it. Funny thing is that those who missed the chance to make out like bandits are the ones who are complaining about said bandits. That to me is a very precarious moral position to take.

Tenchusatsu
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