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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marek_wojna who wrote (6049)	7/19/2001 3:23:23 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

*NT went down to $70cdn,* I thought it looked interesting at 70$ CDN LOL until a cyber acquaintance gave me a gentle cyber slap back to reality :0) Now I've got a stinky bid in though in the 7s CDN ;o) regards Kastel

To: marek_wojna who wrote (6049)	7/19/2001 6:21:22 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

siliconinvestor.com Marek, I hadn't looked at the Nortel graph or followed them. Yikes! I thought they were a real company doing well. They and Lucent are in good company: siliconinvestor.com L M Ericsson is similar [so are a lot of others] siliconinvestor.com Yahoo? siliconinvestor.com Nasdaq is gentle by comparison finance.yahoo.com^IXIC&d=c&t=5y&l=on&z=b&q=l which means that wheat is being sorted from chaff. The gold rush is over and now the mining companies are doing the hard work of digging, crushing and producing 21st century gold, which doesn't just float around for anyone to pick up. As you say, things will NOT simply "come back". Sure, the good miners will, but the fly-by-nighters have flown and will never return. Some will eke out a living on the edges of the gold field. The Dow is gentle and genteel finance.yahoo.com^DJI&d=c&t=5y&l=on&z=b&q=l and has been at those levels for going on three years. There was no bubble mania in the Dow. The euphoria, irrational exuberance and mania was largely confined to the Nasdaqians in general and cyberspace in particular. Much of the pressure is out of the markets and now we just need to see how long it takes for denial to abate and acceptance to internalize [using some Californian psychobabble]. Then, as always, life will go on and people will get optimistic again, [even, dare I say it, irrationally exuberant - maybe in 2004]. Mqurice