Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (41122)	12/28/1998 11:27:00 AM
From: Tommaso	Read Replies (1) of 132070

If there's a kind of house of cards effect, when the Internet stock bubble bursts, could it push oil service stocks even lower as well? Your comparative analysis of the behavior of different sectors in previous market declines (and the subsequent rises) is the best I have ever read. Maybe you don't need the additional income, but you could start writing an account of these that might sell well when (I hope I don't have to add "if") the whole collection of bubbles starts to collapse. As you say, there are so many possibilities for collapses of differing patterns and differing lengths that it seems futile to say just what the precise outcome will be. Not a good analogy, really, but there were no doubt Germans who knew the absolute folly of their invasion of Russia, but no one could say exactly how it would unfold. I tend to believe in the protracted, grinding, sector-by-sector decline--maybe not as long as the Japanese collapse, but something on the order of five years or more. Let's see: 1929-32 was less than three years; 1969-1974 was less than five years. How about 1999-2005? Sounds terribly boring to me!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next