Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (72486)	2/27/2001 3:51:42 PM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

limtex, You will not find much of an ear for that reasoning except among permabulls. Most serious writers believe that the damage was done in the years prior to the March top in the NASDAQ. Bubbles never unwind nicely. You can blame the straw that broke the bubble or you can blame the bubble. It set off the greatest stock market crash in history You need to read more history. All we have so far is a moderate tech-wreck. It will get worse though. We agree that the fallout will last for years, but it is a distraction to concentrate on Greenspan and particularly, on the last round of rate increases. Cheers. Allan.

To: limtex who wrote (72486)	2/27/2001 3:51:55 PM
From: Les H	Read Replies (2) \| Respond to of 436258

The internet commerce stocks and CLECs started running out of cash last Spring and summer, respectively. The rate hikes didn't have much to do with their profligate spending from junk bond and IPO proceeds. I remember MSTR used to give luxury cruises to all their employees.

To: limtex who wrote (72486)	2/27/2001 4:01:02 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 436258

<<and people like the CEO of SUNW use expression like they have never seen conditions like it.>> How come it is not that much a surprise for thos of use who studied history of manias, panic and crashes? May be Scott McNealy and Chambers ought to take a break from picking-up easy money air-dropped by the Feds and read once in a while! Look, thnaks for sharing your thoughts. Not many on this thread share you view point. It would serve you and the rest of the gang better if you dropped this discussion on main-stream propaganda. Also note that your next message on this subject will be ignored!

To: limtex who wrote (72486)	2/27/2001 4:35:54 PM
From: Andrew G.	Read Replies (1) \| Respond to of 436258

I think it all started with Bre-X. Vast fortunes were lost from investments in mining & exploration and that may have precipitated the "Asian Flu" where much of the Indonesian ventures were situated. And it may have also spurred on more of the desperation and corruption that infected these smaller economies and even Japan's higher echelons. The little JV's of Canada have never recovered and were highly speculative any. Despite attempts by the FED, the IMF, and World Bank, the Asian tigers never fully recovered and neither did Japan. Then there was the hedge fund debacle. Simultaneously, MSFT was battling it out with the Justice department and there were indications that this was going to come to a head with the MSFT/NSCP/AOL rivalry. And it did. When MSFT stock caved that was a turning point for the Nasdaq. When Clinton & Blair stumbled over their words about ownership of genes, that was also a turning point. Neither a great titan or a revolution in biotechnology could be valued to the extremes they reached. And when ABJ at GS said she was cutting back on tech stocks in March, that was the last straw. The Nasdaq has been trending down ever since. The big 'bubble' of Internet mania was supposed to fuel a New Economy but e-tailing has become a form of glorified electronic mail order and as we have learned from Nike, the new e-commerce software still needs some work. The telecoms also realized the exhorbitant cost and lengthy time of building out broadband networks that may not reach profitability in the near term. It was a risky bet. ITWO's stock is a great example of how the 'bubble-effect' of net mania fueled excessive valuation: bigcharts.com