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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (59692)	3/22/2004 8:58:49 AM
From: Elroy	Read Replies (1) \| Respond to of 64865

The problem is that too many people are using "tulipmania" to explain away this market Well, actually I was trying to make the point that my investment in an internet related IPO back in '99/'00 sure seems like Tulipmania when looked at today this market is basically a continuous nasty bear, and one of the worst periods for investors in the past 80 years. No way! At least not in tech. In the past year...... CSCO has gone from $14 to $22.50 INTC has gone from $18 to $26.50 MSFT has gone from $25 to $24.50 QCOM has gone from $39 to $64 DELL has gone from $28 to $32 I could go on, but it doesn't look like a bear market unless you start at the peak (last Sep/Oct) and go to here. However, if you start at the peak, its always going to look like a bear (unless you just hit the peak yesterday). This market is not a normal market, it is worse than the early 90s and 80s. The market is smarter than the bozo economists in the white house who think things are so great. Aren't these the same bozos that caused a 20% S&P and 45% Nasdaq rally last year? Anyway, if you're so sure short something or buy some puts. Looks like another brutal selloff on monday. Well futures are telling us this is correct, so at least I gotta agree with this point. Look out below! The next question is where will it close relative to the open. If I only knew the answer to that one...... Elroy