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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (19879)	3/30/2001 11:50:29 AM
From: John Koligman	Read Replies (2) \| Respond to of 24042

If you are talking about a return to NAS 5K I would agree with you that it will take some time! I agree that there is also no benefit to Americans when the NAS crashes, but it is simply the result of how incredibly quickly it inflated. As I recall, it was rising almost a thousand points a month at the end of 1999... 4k and 5k were taken out very quickly. These things always seem to end badly, and they happen over and over again. In the 1960's we had the conglomerate craze (ITT/Teledyne and the like), and that flamed out. The famous 'nifty fifty' were regarded as teflon stocks until the 1973-1974 bear market, at which time most of them collapsed and never came back. (By the way, many are now comparing this tech mania to that timeperiod)... Then we had the energy mania when oil prices rose, and energy became the largest component of the S &P. Next we had the biotech craze in the early 1990's, it crashed, followed by the tech craze. The 'trouble with technology' is that even the mightiest can falter. I'd bet few remember that Intel was on the verge of bankruptcy not too many years ago when they were primarily a memory maker, with the Japanese eating their lunch, and were bailed out in part by IBM, which bought a chunk of their stock... Regards, John