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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (10272)	12/11/2002 12:56:09 PM
From: lurqer	Read Replies (1) \| Respond to of 89467

The problem with the perspective behind the quote <<...The frenzy and hype of the bubble is gone, and people can step back and look at what works, and actually plan proactively for future growth, rather than being dragged along for the ride...>> is the same thing could have been said at the valuation lows in '32 and '74, but the next secular bull markets didn't begin until the latter '40s and early '80s. And we're not yet at our valuation low. While the focus of the article is IT, the bubble was a market phenomena. Thinking that the ride is over is a big mistake. If you think the ramp to the top of the roller coaster is the complete ride, your in for a surprise. lurqer