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Technology Stocks : AT&T
T 25.26-0.5%Dec 5 9:30 AM EST
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To: Glenn who wrote (2119)4/5/1999 7:42:00 PM
From: Smart Investor  Read Replies (3) of 4298
 
What do you mean that the market is not sick? When everybody is chasing a few momentum stocks and driving the valuation of AOL to a level more than IBM, the market is SICK. When thousands of medium to small company stocks are left for dying at the same time the few MOMENTUM stocks racing to the moon, the market is SICK. When herds of analysts revising their MOMENTUM stock targets daily, the market is SICK.

Who is responsible? It is the mutual fund managers, wall street analysts and Alan Greenspan. It has nothinbg to do with small investors. These people are kept saying they do not know how to burst this bubble. However, the longer they wait, the harder the burst will be. It is TIME Alan Greenspan burst the bubble he created. Look at Japan, its stock market is still only about 50% what it was in 1990 before the burst of the bubble. Only after the burst of the MOMENTUM bubble and the internet mania, will people start looking at small and medium company stocks.

Hong long will the Greenspan bubble last?
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