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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (69170)	2/14/2001 1:08:01 PM
From: Doug	Respond to of 99985

Jim: The valuations on the NAZ remind me of the Oil bubble in the 70's. During that period, we had the same tone , no PEG's but projected barrels/ share. Shares were appreciating at 30% per day at times. The media hype was exactly the same as now except instead of TECH's it was Energy. The oil bubble collapsed and when it did it led to massive mergers and downsizing. The same is just starting to show in the TECH sector. Boom and bust are great tools for the transfer of wealth.