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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (3176)5/20/2000 8:52:00 AM
From: Tommaso  Read Replies (1) | Respond to of 3339
 
No, you missed the point.

The frame of reference does change. That's why the Nasdaq looks cheap to some people when it is 3500. They measure it against what it recently was, at 5000, and conclude that it is now a bargain because they have got used to higher levels.