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To: chic_hearne who wrote (2629)7/7/2000 4:18:12 PM
From: pater tenebrarum  Respond to of 436258
 
no...the market should collapse WAY before the big cap techs get a chance to warn. every single stock market crash in history has been preceded by a quarter of record corporate profits.

profits then began to deteriorate immediately afterwards, with the exception of the '87 BK, where they only began to deteriorate 2 years later.

remember, the bubble is NOT a function of corporate earnings - it's a function of credit and liquidity in the system.