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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (3414)10/5/1998 10:08:00 PM
From: Y2k_fan  Read Replies (1) of 4634
 
Bill, while everyone is warning you.
Check the movement of ^TWII for recent years.

It twice hit 10000 points in the past 7 years.
And has been laggard at low 6000 now for over half a year. A lot of silicon valley Taiwanese multi-millionaires can feel the pressure.

I don't see any reasons that similar situations won't happen in the U.S. market. The Y2k/internuts/penny frenzy was primarily due to the fact that most "normal" and "good" stocks become too expensive and people want something new with growth.

Volatility and over-margin is seriously hurting the U.S. economics.

The internuts frenzy pretty much tells us a recession is forming.
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