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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (44002)	3/19/2001 9:41:17 PM
From: Shoibal Datta	Read Replies (1) \| Respond to of 70976

I would guess that with all the resources they have, they would have known what they're buying into You are a far more trusting person than I am :-). I just can't agree with that statement - is that why these jokers were buying Amazon and Etoys and bidding JDSU and Qlogic to sky high PE's? What were their resources smoking? Did the fund manager's even have a clue about what they were buying? I feel pretty strongly about this whole hand-wringing about the Nasdaq losing 60% in a year. In the first place, it wouldn't have happened if big money had not gone berserk/greedy. Secondly, for those in the market pre-1997, come on: we saw our money return 20 years worth of gains in 2 and didn't think anything was wrong with that. Giving up 60% of a 400% gain doesn't sound too terrible to me. Those who committed their first capital after 1999 were left holding the bag.