Zeev's Turnips Patch-No Politics (ZEEV)

[Kayaker]

The Big Picture - Is This a Bubble?
08-Sep-03 08:19 ET

....What is a Bubble
When trading becomes disconnected from any foundation in value, the market can be said to be experiencing a bubble. That is, if:

Stocks trade only on the direction of the news, rather than on connection to valuation, and if
Stock values are high, and expected to go higher because they are heading upward,
then it is fair to say that the market is experiencing a bubble mentality.

The Nasdaq has reached that point.....

http://www.briefing.com/scripts/sub/stocks/PowerAnchor.asp?varArticleID=SB20030908081904dgreen