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To: saul mikaliukas who wrote (48797)2/10/2000 6:00:00 PM
From: Alex  Respond to of 116764
 
<<Imagine that you are back in the 18th century. The world is about to change, with advances in shipping, the new world (America) is now within reach. Would you have the foresight to invest? Sir Isaac Newton did, and after he made 7,000 pounds profit he went back for more. However, what he invested in would come to be called, "The South Sea Bubble." When it was over, Sir Isaac Newton had not only lost his 7,000 profit but 13,000 pounds more.

It is ease for sane, rational people to get caught in the excitement of money making opportunities. During the Tulip Mania a single tulip bulb sold for more than a large house in London's fashionable Mayfair district or a thriving French brewery."

Today the Nasdaq, which was up over 80% last year, now makes up 1/3rd of the total capitalization of stocks in America -- or a total of about $5 trillion dollars.

Is history about to repeat? Is the current boom part of a stock market bubble?>>

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