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

To: BelowTheCrowd who wrote (6744)	2/16/2000 12:07:00 PM
From: Druss	Respond to of 10293

Micheal--I am not sure there are very many historical examples for us to look at in terms of this market. While the examples of the tulips and others are interesting we basically went through something similar with the Y2K stocks. I wish I could find a good parallel in history, we have a sector that really does have value and a lot of it (techs) and it is broad based. I also don't know of a time when the market was so accessable to the general public and overseas money. Mutual funds, internet investing, baby boomer interest in the market, has brought really changed some things compared to earlier times. I still feel fundamentals and value will win but I have been waiting four years now expecting it. I am beginning to think the money is a lot less twitchy and prone to run than many expect (or expected as I did). Instead it seems to slosh around going from sector to sector, Y2K, then internets, now biotechs, with occasional spurts of interest in the DOW and a general focus overall in techs. 1929 might be the best case study, but the market did not run nearly so long as now and was in many respects had more air in the bubble to my mind. It was based on a weaker economy, banking system and more speculative because if the large margins allowed. All the Best Druss