SI
SI
discoversearch

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: AllansAlias who wrote (94983)4/16/2001 10:58:57 PM
From: Perspective  Read Replies (1) | Respond to of 436258
 
How can you say "This looks nothing like 1929-1932 so far, except in tech." ?

Tech WAS the stock market last year. It was nearly half the capitalization of the S&P500 at one point. Tech IS repeating 1929 at this point, and it is by most measures as significant to the overall market and economy as the Dow was in 1929. There were days that single Naz100 stocks traded more clownbucks than the entire gross domestic product for the day.

Granted, the underlying businesses touch a much smaller portion of the economy than the Dow in 1929, but the financial market footprints are virtually the same size.

BC



To: AllansAlias who wrote (94983)4/16/2001 11:32:20 PM
From: Venkie  Read Replies (1) | Respond to of 436258
 
I was thinking that Csco might be a low risk short for me to get some exp on. Do you think it would be a safe stock to try and short<me>. I thought I would start with a 1000 shs and and a 5/10 % stop loss. I don't need a bunch of knuckle heads putting me down for being humble enuf to ask that ??.I am 95 % cash since I sold the rally friday and I want to make some money.I will do my same ole stunt and try to get somewhere near the bottom to buy again for the pop.
Allan what do ya say ?