Bank analyst complaining about the dotcom bubble in March 2000.
"The run-up in technology stocks... has been such a sizable distraction on our ability to provide guidance on bank stocks, that I felt compelled to make some sort of commentary on the complete and total insanity"
"The run-up in technology stocks... has been such a sizable distraction on our ability to provide guidance on bank stocks, that I felt compelled to make some sort of commentary on the complete and total insanity"
"I don't think bank stocks can make a meaningful recovery until tech stocks have corrected
Until the performance dissipates, money will continue to chase it in the tech sector"
Until the performance dissipates, money will continue to chase it in the tech sector"
"The investing public has taken on the role of amateur VCs - funding excessively risky ventures years from profitability at prices hundreds of times higher than professional VCs"
"Most of today's investors have never experienced a sharp, protracted downturn in equity values"
"Most of today's investors have never experienced a sharp, protracted downturn in equity values"
"The internet will change the way we live, but it is unlikely that investors will realize high investment returns from holding these stocks over the long term"
"Many shall be restored that are fallen ... But, I'm not holding my breath."
mch-inc.com/pdf/and%20the%…
"Many shall be restored that are fallen ... But, I'm not holding my breath."
mch-inc.com/pdf/and%20the%…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
