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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (6138)1/16/2000 2:03:00 PM
From: RockyBalboa  Respond to of 10293
 
An operational definition?

Well, people may buy stocks if they believe that they will "deliver" nonzero positive performance. While this reason was historically true, ie stocks kept rising over a longer timeframe, this has proven to be wrong after sharp run ups with many common folks buying based on "adaptive expecations"....while they do not buy when stocks are cheap.

I'm increasingly bearish about the e-commerce "B2B" sector which received a lot of hype but little substance yet.
For the sakes of many, let's hope it does not turn into another disaster like the e-tailers did in 1999. Compared to the e-tailers the stakes are now manyfold bigger in terms of market capitalisation.



To: Dale Baker who wrote (6138)1/16/2000 4:04:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 10293
 
And one more specific example:

Here is one: Lucent whose mishap unraveled the entire (tech, at that evening already called "blech") market. This was really a blow because so few expected it to fail...For the bulls sake lets hope the earnings season does not deliver too many disappointments.

A scenario of rising interest rates, however can exacerbate the damage. ...