| During the Telecom Bubble many people thought | | | | coming as the Telecoms bought hyper-inflated |
| it would continue to rise forever as companies like | | | | frequency allocations bids from FCC and/or |
| Global Crossing, World Com and others watched | | | | winning bids from VC. There were all sorts of |
| their stocks soar through the roofs. In hindsight | | | | games being played on the brink of 3G wireless |
| later after it all came tumbling down many people | | | | and other technologies and they should have paid |
| said that World Com was a sham and those | | | | attention and invested in the future rather than |
| contracts for international communications with | | | | playing protectionism and following the broadband |
| Global Crossing were not worth the paper they | | | | hype of fiber optic. Long story.It is amazing how |
| were written on due to the instability of the | | | | history repeats and sector rotations occur and |
| governments who had signed those | | | | move around in cycles. Some technical analysts of |
| contracts.Nevertheless everything just kept going | | | | stocks can see it, when things do not make |
| up. Some made warnings and even Greenspan | | | | sense and corrections are long over do. Similar to |
| had warned of Irrational Exhuberence a few | | | | the stock market as a whole which had one of |
| years the prior, not necessarily towards telecoms, | | | | the biggest drops recently in six years and gave |
| yet it really had not been that long since the | | | | back all the gains of this year. Consider all this in |
| bubble burst in Silicon Valley.Personally, I saw that | | | | 2006 when picking stocks. |