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: Dave Mansfield who wrote (1451)	5/3/1999 7:45:00 PM
From: charger	Read Replies (2) of 3543

In case you haven't noticed, the bubble has popped and air is leaking badly. Most charts are sporting double tops that look like the World Trade Center. I believe this rotation into the cyclical stocks which is propelling the Dow past 11K reflects the institutions'/market belief that an inflationy environment/global recovery is on the horizon. The discounting mechanism is in full swing, as cyclicals get bid up and high P/E stocks get crushed. It has just begun...

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