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

To: Maurice Winn who wrote (23108)	9/1/2002 9:40:14 PM
From: Moominoid	Respond to of 74559

As I reported, all I heard from economists so far on the BB.com is my chair saying he is waiting to get paid (the magic day is 15 September) so he can start investing it (or the retirement fund) in the stock-market as he thinks it is bottoming. I told my class my opinions about the dot.com boom and bust. I didn't mention Uncle Al. I blamed the investors for not understanding valuation theory and the effects of innovation on profits which were the points I was trying to explain. I think most academic economists were pretty skeptical in the big stock market boom unless they were overly-obsessed with the efficient market theory.... David