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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2198)6/18/2007 6:22:21 PM
From: Mark Marcellus  Respond to of 6370
 
Exactly. Plus:

- The return to favor, and bidding up of, "quality" stocks after the speculative excesses and subsequent crash in garbage tech stocks during the late sixties.

- The conglomerate boom, similar to the current PE boom.

That's not to say there weren't any good stocks to buy. There are always good stock to buy. But even among the good ones in 1972, I think you'd be hard pressed to find many that weren't even better buys in 1974.


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