There may well be a rally in tech stocks sometime in the next few weeks or months. But, on the information to hand, it will be a sucker rally: one of those rallies where suckers and their money are soon parted.
"Warning: Beware The Aftershocks," Australian Financial Review, April 17, 2000
The explosive rally in the Dow this past week constituted one of those moments when it is best to buy first and ask questions later.
While it is possible this was a sucker rally doomed to reversal, experience indicates a move like that with no apparent trigger signals the start of something big, very big.
Howard Simons, "This Dow's for Real," TheStreet.com, March 22, 2000