Quote:
Originally Posted by ToothSayer
In the 2000s tech bubble (which the fed also pumped major liquidity into, by the way), it was the worthless companies that screamed higher while the value companies majorly underperformed or actually got sold off to pile into the headline crap. The more ridiculous the company, the higher it shot. The better the value, the worse it performed.
This reminded me of Jim Cramer's
The Winners of the New World Top 10 must own stocks back in 2000.
"We try to own every one of them. Every single one. And if I had my druthers,
I wouldn't own any other stocks in the year 2000. Because
these are the only ones worth owning right now in this extremely difficult, extremely narrow stock market. They are the only ones that are going higher consistently in good days and bad. I love every one of them, just as I loathe the rest of the stock universe. "
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