To: pater tenebrarum who wrote (40797 ) 2/20/2000 9:49:00 AM From: Rarebird Read Replies (6) | Respond to
I think that there is more going on here than meets the eye. The fact of the matter is that the advance/decline line or broader market topped out in April 98. The divergence we have seen since then has been quite extreme, to say the least. I think there is more than speculation going on here, the so called last stages of a Bull Market. To compare this stock market to previous manias, I think is fruitless: It has gone beyond all comparisons at this point. You are comparing two different ages, like comparing apples with oranges or Italian food with Chinese food. Many of the Information Age stocks like ADBE have been racing to new highs while the broader market declines. The World has changed quite a bit and some of the Bears have had problems comprehending the tremendous ramifications of these changes. Some of the retailers, especially the department stores with no online presence to speak of, have gotten their share prices mangled.
