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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (1676)7/17/1999 12:55:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 3543
 
Yup, you are right on the mark IMNSHO.



To: bobby beara who wrote (1676)7/20/1999 1:59:00 PM
From: charger  Read Replies (1) | Respond to of 3543
 
Same goes for the YHOO chart. It mirrors the DOT index.
Some random thoughts:

The legions of speculators and daytraders will have to be thinned in rank before it's over. Making money has become too easy...

IMO this whole bubble is based on the new paradigm theory, and will burst upon the realization that the business cycle still exists.

Nobody talking about Y2K issues...the biggest wildcard in the market now is the psychological factor of fear of Y2K/investors pulling money out of the market in droves in front of the event. That fear could snowball into a huge wave of selling that most likely will culminate in the same type of liquidity trap as last year. The selloff alone could throw the U.S. into recession even if Y2K is a non-event, and kill the new era theory. Thus, even if we truly are in a new economic paradigm, psychology does not change, and fear could become the self fulfilling prophecy.

My targets are similar to yours...today is the tip of the iceberg.

Oh yeah, and then there's that K-wave theory...