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.

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

To: John Koligman who wrote (19880)	3/30/2001 12:17:08 PM
From: djia101362	Read Replies (1) \| Respond to of 24042

John- It's easy for someone that has been watching the markets to for 30 years to make comparisons with markets of the 60s, 70s, and 80s. But in reality today's market is much different don't you think? For one thing, the number households holding stocks has increased tremendously since the 60s and 70s and therefore many more households are being affected by this crash v.s. the '87 crash. No matter how you look at it, $4 trillion taken out of the markets is not good for the U.S. economy. Although only a percentage of that would have been fed into the economy, now, none of it will. I don't expect the Naz to get back to 5000 anytime soon. But I never expected the Naz to get to 1800 either, maybe you did, but I think most people did not. The markets always seem to overdo things, in both directions, up an down. We all know how the game on Wall Street works. JDSU is a hold or even a sell right now. But you can bet your bank book that buy recs will hit the street when JDSU is at much higher levels. And that goes for all of these low priced tech stocks that have gotten 70%-90% haircuts. Nobody wants 'em now, but they'll want 'em at much higher prices someday in the future. I'm not sure if y'all have heard this saying but I read it somewhere in the past week..."the foundation for fortunes are laid in a bear market." It's time to start pouring some concrete guys.

To: John Koligman who wrote (19880)	3/31/2001 9:58:39 AM
From: Jill	Read Replies (1) \| Respond to of 24042

It's true there always have been manias and crashes, gold rushes so to speak, and always will be. Nonetheless, recessions in U.S. have been fed induced and I think the fed is over-active. Constant cuts and hikes are not necessary. The mania was definitely fueled by the pre y2k cuts and extra liquidity. Then it was brought down too hard and fast by rate hikes beyond what was necessary. Someone on SI posted a chart, which I could go find if I had time, and which I reposted myself a couple of weeks ago, showing that the rate hikes started to have an effect rather quickly and yet he KEPT hiking, instead of letting them work their way through the system. Moreover, many people feel the revised q4 #s show the fed should have been cutting in q3. By waiting too long, the train is already going too fast downhill and much greater damage is done. I see them as the one thing our forefathers couldn't predict and provide for in the constiution--there are no checks and balances--Greenie and his cohorts are not elected officials--it's quite unfortunate--