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Strategies & Market Trends : Longer-Term Market Trends

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To: patron_anejo_por_favor who wrote (1984)11/8/2008 12:54:08 PM
From: Perspective   of 3209
 
Fascinating - I didn't realize that there was a tech bubble that burst in 1969. So there was a bubble burst in 1969, and the very next cycle was the miserable 1973-4 experience. Parallels to the 2000-2002 and 2007- experience?

atozinvestments.com

 Once upon a time there were hundreds of high-tech companies introducing new technologies in computers, software, and information services. 
Companies with big prospects saw the price of their shares run up thousands of percent in just a couple of years.
Some stocks would double in only a week, a few were up 5,000%.
Investors just couldn't see that the bubble had to burst.
But it did, of course, beginning a bear market that wiped out thousands of new millionaires.

Does it sound like I'm repeating myself? Keep reading.

Prices for some companies dropped 80-90% and many companies disappeared within a year or two.

"Why are you telling me this?" you ask. Well, the year was 1969.

Here are some of the losers:
1968
High High in
2002$ 1970
Low '68 to '70
% Drop
Fairchild $102 (510) $18 - 82%
Teledyne 72 (360) 13 - 82%
Control Data 163 (815) 28 - 83%
Mohawk Data 111 (535) 18 - 84%
Electronic Data Systems 162 (810) 24 - 85%
Optical Scanning 146 (730) 16 - 89%
University Computing 183 (830) 13 - 93%



`BC
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