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...tech stocks seemed like a no-brainer when the bubble was inflating. Who knew we should have been blaming our brokers all along? Lawyers working on contingency fees, that's who, and they are eager to help recoup the $3 trillion that investors have lost since the NASDAQ tanked last spring. For retirees who fried their nest eggs or boomers who blew their kids' college tuition on margin, the road to restitution could be as easy as dialing 877-CAN-I-SUE (where you'll reach some New York City lawyers...
...help sift through all the Internet rubble. During the past five months, new claims were up 27% over the same period last year. Securities attorney Jim Shapiro has landed 70 "slam-dunk" cases since running newspaper ads in March that asked, "Have you lost more than $100,000 in NASDAQ stocks?" His argument is simple: even if customers clamored for more tech, their brokers had a responsibility to apply the brakes...
...measures of adulthood is accomplishment. The 23-year-old singer's first album, last year's Never Never Land, has sold more than 60,000 copies, a number which might not seem special to Janet Jackson, but to a jazz artist has the same sweet sound that "NASDAQ up 100 points" has for a day trader. Last week her brand-new CD, Come Dream with Me (N-Coded Music), hit the No. 1 spot on the Billboard jazz chart immediately upon its release. She has a jazz drummer fiance, her parents love and support her, and her career is backed...
Tech was a bargain for about a nanosecond. With the tech-laden NASDAQ having surged 40% since early April, the stocks are starting to resemble an unlit cherry bomb on the Fourth of July. Consider that the average blue-chip tech stock trades at 40 times this year's earnings, up sharply from 29 just six weeks...
...NASDAQ traders are miffed because...