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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: charger who wrote (784)	1/21/1999 12:55:00 AM
From: Kailash	Read Replies (1) \| Respond to of 3543

From David Tice, Market Commentary for today (Wednesday): "And while the Internet stock indices do have gains for the week, it looks like the Internet stock bubble could be coming apart. Today, Amazon.com was clobbered for 27 points, Yahoo! 36, and Broadcast.com 17. Actually, today had the look of a significant reversal for the Internet stocks and technology generally. The key NASDAQ 100 and Morgan Stanley High Tech indices gave back all of their earlier gains of more than 3%. Certainly, we have seen all the characteristics of a speculative blowoff and would expect an imminent sharp decline. As contrarians, we would not be surprised if the investor euphoria surrounding the President's State of the Union address and strong earnings from Microsoft proved the top of the market." prudentopinion.com Kailash