PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Chuzzlewit who wrote (1976)	8/28/1998 3:16:00 PM
From: Eddie Kim	Read Replies (1) of 4509

>>There is nothing fundamentally wrong with this company or with the industry. This kind of thing happens periodically, and over the long run is a non-event. Historically, a recovery from a BEAR market takes roughly 10 years for the old market high to be surpassed. Granted this is the whole market and not individual stocks, yet making the assumption that next week, next month, or even next year the market will be back to its record breaking ways is foolish. I for one hope this market recovers, but it is by no means a guarentee. We of course are not in a Bear market....at least not yet. The last bear market was in 1973, I believe. It was until 1982, I believe, that the DOW made new highs. PSFT is a great company, yet even the greatest stumble during bad times.

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