Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Don Pueblo who wrote (1073)	3/3/1999 5:00:00 PM
From: EL KABONG!!!	Read Replies (2) of 3543

TLC, I was reading an article last month about the boomers that are years behind in saving for retirement, and are now trying to play "catch-up" by speculative investing. The author was indicating that most of these people have no idea what they're doing, and the vast majority will be buying in at or near market tops, thinking that they're "buying the dips". Most of those he interviewed didn't even have as little knowledge as understanding what P/E is or the differences between the various exchanges. Their only financial "knowledge" was the business section of the Sunday newspaper or a tout sheet that a friend had recommended. Shame. Shame. Shame. KJC

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