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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (12562)	7/2/2002 8:08:56 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 57684

Thats the same article I read from the bear thread that I asked Bill Harmond about. The problem is these articles are so slanted most of the time- for example "The last three stock market manias that ended in 1901, 1929 and 1966-68 were followed by 15 to 20 years of horrible average annual returns, ranging between...zero [and] a negative 1.8% after adjusting for inflation." Well how is he defining "stock market mania" For example wasn't 1984 a sort of stock market mania on the nazdaq, when the apple mac came out, and wordstar etc. were new? THere was definitely a bad tech hiring mkt after that, till about 1987 or so I know. I think tech stocks also crashed in 95/96 although I didn't follow stocks at the time. I remember 60 minutes interviewing Grace Hopper around 1986 (when I was at Berkeley) and Mike Wallace said "the computer revolution happened and its over now" and she said, "no we have a Model-T". That was the bust period. Anyway the point is these articles tend to beg the question they are trying to answer, but I am definitely going to check up on these prior "manias" to determine what set them apart from the non-manias in the early 90s, etc. L