Tweet
* October 1999: James Glassman, author Dow 36,000
"What is dangerous is for Americans not to be in the market. We're going to reach a point where stocks are correctly priced, and we think that's 36,000 ... It's not a bubble. Far from it. The stock market is undervalued."
* December 1999: Joseph Battipaglia, market analyst
"Some fear a burst Internet bubble, but our analysis shows that Internet companies account for only 7% of the overall Nasdaq market cap but carry expected long-term growth rates twice those of other rapidly growing segments within tech." (The Internet Index lost two-thirds of it’s value in the next six months)
* December 2000: Jeffrey Applegate, Lehman strategist
"The bulk of the correction is behind us, so now is the time to be offensive, not defensive." (The bulk of the correction was to come)
* December 2000: Fed Chairman Alan Greenspan
"The three- to five-year earnings projections of more than a thousand analysts, though exhibiting some signs of flattening in recent months, have generally held firm. Such expectations, should they persist, bode well for continued capital deepening and sustained growth." (Another in a long string of great calls by Greenie)
* January 2001: Suze Orman, financial guru
"In the low 60s here, I think the QQQ, they're a buy. They may go down, but if you dollar-cost average, where you put money every single month into them, I think, in the long run, it's the way to play the Nasdaq." (The QQQ fell 60% further)
* April 2001: Abby Joseph Cohen, Goldman Sachs
"The time to be nervous was a year ago. The S&P then was overvalued, it's now undervalued." (The S&P continued down for another five years)
#
"What is dangerous is for Americans not to be in the market. We're going to reach a point where stocks are correctly priced, and we think that's 36,000 ... It's not a bubble. Far from it. The stock market is undervalued."
* December 1999: Joseph Battipaglia, market analyst
"Some fear a burst Internet bubble, but our analysis shows that Internet companies account for only 7% of the overall Nasdaq market cap but carry expected long-term growth rates twice those of other rapidly growing segments within tech." (The Internet Index lost two-thirds of it’s value in the next six months)
* December 2000: Jeffrey Applegate, Lehman strategist
"The bulk of the correction is behind us, so now is the time to be offensive, not defensive." (The bulk of the correction was to come)
* December 2000: Fed Chairman Alan Greenspan
"The three- to five-year earnings projections of more than a thousand analysts, though exhibiting some signs of flattening in recent months, have generally held firm. Such expectations, should they persist, bode well for continued capital deepening and sustained growth." (Another in a long string of great calls by Greenie)
* January 2001: Suze Orman, financial guru
"In the low 60s here, I think the QQQ, they're a buy. They may go down, but if you dollar-cost average, where you put money every single month into them, I think, in the long run, it's the way to play the Nasdaq." (The QQQ fell 60% further)
* April 2001: Abby Joseph Cohen, Goldman Sachs
"The time to be nervous was a year ago. The S&P then was overvalued, it's now undervalued." (The S&P continued down for another five years)
#
His book is called The Roaring 2000's.
Comment