CNNFN: Dissecting Nasdaq's decline - Y2K, overvaluation, etc.greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I came across this story on CNNFN's site and thought this might be of interest to the investors here:
CNNFN: Dissecting Nasdaq's decline Y2K, disappointment trip tech., but analyst sees light for Compaq, Sun
Performance of tech stocks such as Sun, Dell and Compaq are discussed.
-- Tim (email@example.com), April 19, 1999
Anyone notice how economists are like weathermen? When its sunny outside, the predict a sunny day. Clouding up -- looks like rain. But you NEVER see a weatherman come on and say "Boy was I wrong about the weather yesterday!"
-- a (firstname.lastname@example.org), April 19, 1999.
Tim, this is interesting in that a major brokerage house is intimating that Y2K may be influencing the market NOW. This is the first time that I have seen this and it makes me wonder what other players are thinking at this point.
KURT KING, Nationsbanc Montgomery Securities: I think the market discounted Compaq's problems a week ago. I think we've got a new set of issues today related to some concerns about Y2K and possibly an editorial in the business press about the overvaluation of Internet stocks. Different day, different issue. end
KING: Right. We are seeing the after-effect of a very enthusiastic market at the outset of the year. Some might call it irrationally bullish and what we're seeing now is the effects of moving closer to the Y2K issue -- when we get to see the reality vs. speculation -- and the fact that there had been a series of disappointments throughout the tech sector. What I can tell you by way of perspective is that this isn't all that different from past first quarters of new fiscal years. In fact, just last year was a pretty bloody time, too.
-- Mike Lang (email@example.com), April 19, 1999.
Every time I read the title to this thread I think it says ovulation. Sorry for spamming you. Its a viewpoint different from your's.
-- Maybe Its Dislexya (firstname.lastname@example.org), April 21, 1999.