Wednesday, May 19, 2004
Meanwhile Red Herring seems to be still expecting an endless upwave.
"When the stock market recovers from its three-week decline, the IPO parade is ready to strut its stuff down Wall Street."
http://www.redherring.com/article.aspx?a=10611&hed=IPO+Watch%3a+Picking+up+speed
Their emphasis is so much on new companies that they don't often cover what is happening to existing stocks. There are some questions worth addressing. If there was a "echo bubble" , how much further down could the NASDAQ go? Is there any theory of long waves that considers more than about 30 years for an innovation upwave? When did the Silicon Valley boom start?
I'm not wanting to be depressing, just suggesting something more open to questions could be appropriate.
"When the stock market recovers from its three-week decline, the IPO parade is ready to strut its stuff down Wall Street."
http://www.redherring.com/article.aspx?a=10611&hed=IPO+Watch%3a+Picking+up+speed
Their emphasis is so much on new companies that they don't often cover what is happening to existing stocks. There are some questions worth addressing. If there was a "echo bubble" , how much further down could the NASDAQ go? Is there any theory of long waves that considers more than about 30 years for an innovation upwave? When did the Silicon Valley boom start?
I'm not wanting to be depressing, just suggesting something more open to questions could be appropriate.
# posted by will789gb : 2:03 AM
The Guardian seems more aware now of the downside potential.
Notebook - "Wall Street gets by on a diet of patriotism" May 18th - includes a reference to albert Edwards and the idea of a "bubble echo". "What has so far looked like an orderly retreat could turn out to be very disorderly indeed."
Notebook - "Wall Street gets by on a diet of patriotism" May 18th - includes a reference to albert Edwards and the idea of a "bubble echo". "What has so far looked like an orderly retreat could turn out to be very disorderly indeed."
# posted by will789gb : 1:58 AM
