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The Tech Stock Market
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| Sun Apr 15, 2001 | 2:36A| PermaLink |
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"For the economy and individual investment portfolios to reach their true potential, it is critical that people take political attacks on high-tech seriously. In the book, "Dow 36,000," it was argued that stocks were undervalued, that the rise in the market since the early 1980s was completely rational and that it would continue until the Dow got to around 36,000 -- about four times its level at the time the book was written. At that point, stocks would at last be fully valued and returns would level off. As you can imagine, this theory was very controversial when it first appeared and is probably even more controversial today. Still, there is reason to believe that stocks are cheap and that investors -- if they do the right thing -- should profit handsomely."
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FULL STORY @
OSOPINION
(http://www.osopinion.com/perl/story/8930.html)
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