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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Tim Bagwell who wrote (16136)	6/25/2002 6:42:24 PM
From: geode00	Read Replies (1) \| Respond to of 42834

forbes.com 1980 Revisited Kenneth L. Fisher, 03.06.00, 12:00 AM ET TECH STOCKS ARE IN A LATE-STAGE BUBBLE. IT should break later this year. I usually dislike "bubble," a word bandied about too often by extremists. But I watched a bubble like this one 19 years ago, and I have seen how it ends. Right now technology stocks are just where oil stocks were in early 1981. forbes.com The Contrarian David Dreman, 01.24.00 Down But Not Out LAST YEAR WAS ANOTHER POOR ONE FOR THE KIND of value investing espoused in this column. While the S&P 500 climbed 16.9% to Nov. 22 (the date of all performance measurements in this column), the 51 buy recommendations I made were up only 5.5%. As value wobbled, technology took off. The Nasdaq 100 (the biggest over-the-counter stocks, a list dominated by tech companies) were up 66%. This happened even as the median Nasdaq stock returned 1%. Can mankind live by the Internet alone? Wall Street's mania for Web companies seems to say it can. To judge from current stock prices, it would seem that we can forgo minor needs like food, shelter and clothing. I may sound stubborn to true believers in the digital age, but I really think we are in a mania that is longer and more speculative than any in history.