Ok Im not the only ones thinking it, but first Bidu, then CSCO/Nok , ok doesnt this remind you like its a mini late 99 situation going on.
was there cisco/nokia news? I don't get the reference. Bidu's an abberation IMO....late summer, dull mkt, low float, chinese exposure hard to come by, etc, etc.. I don't sense any late 99 feel AT ALL to this mkt. Can you explain your thought process a little more? I mean what's your context? Certainly if you one the guys that played BIDU it had a 98-99 feel to it....for A DAY atleast, but one stock does not a market make. What is the csco/nok ref about? thanks.
http://www.marketwatch.com/news/story.asp?guid={E7DD27F3-D52B-41C8-B603-E3286130E453}&siteid=mktw This sounds totally bogus. They don't even say who came out with the story..."Sunday business newspaper"?? Notice that no one is giving specifics on who broke the news: http://australianit.news.com.au/articles/0,7204,16187664^15465^^nbv^15306-15316,00.html http://business.scotsman.com/index.cfm?id=1744162005 http://today.reuters.com/news/newsArticleSearch.aspx?storyID=64093 If it were WSJ or NYT, or heck, Miami Herald, I would give it much more credence.
oh marketwatch.com part of dowjones reported that csco is in a deal to buy nokia for its wireless business. If thats true, doesnt this give a feel of late 99 when you had a whole bunch of stocks jumping 10, 20 points on earnings, and culminated with the aol/warner merger. It feels like a mini late 99 here. Well from my view you have ntes, jumping 15 points, amazon jumping 8-10 points, and others jumping 10-20 points on ok earnings, not spectacular but ok earnings. http://www.marketwatch.com/news/story.asp?siteid=mktw&guid={E7DD27F3-D52B-41C8-B603-E3286130E453}&