TY - JOUR T1 - Stock Market Bubbles JF - The Journal of Wealth Management SP - 50 LP - 57 DO - 10.3905/jwm.2001.320420 VL - 4 IS - 3 AU - Thomas Bengtsson AU - Michael J. Seiler Y1 - 2001/10/31 UR - https://pm-research.com/content/4/3/50.abstract N2 - The authors observe that during the last few years there have been dramatic returns to holding technology/Internet stocks. The purpose of their study is thus to examine if this boom in technology stocks is hurting companies in other industries. Over the period 1977-1999, the results demonstrate that the run-up in technology stocks came at the expense of other sectors as investors pulled money out of otherwise viable investments to ride the technology bubble. ER -