October 27, 2000 - Not long ago, life was much simpler. By investing in such companies as Microsoft, Intel, Cisco and Lucent meant not only security, but above-average returns. It was a no-brainer.
Of course, bear markets can be brutal. In bear markets, nothing is safe.
In fact, in the past year, we have seen a variety of mega-meltdowns of seemingly invincible stocks. Who would have thought you would be able to buy Lucent (NYSE:LU) at $21? Ludicrous.
Yes, the worst nightmares of Lucent have come true. The big question is: Time to buy?
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