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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Sir Auric Goldfinger who wrote ()12/21/1998 9:18:00 PM
From: Junkyardawg   of 3543
 
Here is my #1 guess.

First I think that the market especially in the internet
arena is absolutely absurd. When you have a "group" of stocks
trading at several hundred times their real value it can
only be explained in simple terms. It is not complicated.
People are on a frenzy. It is like sharks in a feeding frenzy
only in this case is is to eat up shares of stock.

The internet is and will change parts of our lives in the
future. But it is still some time away. Women still love to
pinch the fruit in the markets... so to speak. In my opinion
this will take some time and will be at least 3 years down the
road to have a serious impact on our economic and everday lives.

With this said. I want to state that it has been my experience
in life that no matter what problem you are faced with it all
boils down to one thing. KEEP IT SIMPLE. So I don't
offer any charts or graphs to bare my opinion out. I simply think
that when the foreign markets struggles are realized the "Internet
players" will wake up and jump ship before it sinks.

I also think that this could start as early as 12/24/98. Very long
weekend. People will not want to hold for that period of time with
the worlds markets the way they are. I think we will see at least
a 20% drop by 12/24/98 and after we get back from the holidays it
will drop again.

#1 pick Date 12/24/98

Lamar
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