The ticker baruch email

You're referring to the infamous "Ticker Baruch" email!

For those who may not know, the "Ticker Baruch" email is a legendary email that was sent by Seth Baruch, a financial analyst, to his colleagues at the investment firm, Bernstein Liebhard & Lifschutz, in 1999. The email was a prediction of the impending collapse of the dot-com bubble and the subsequent market crash.

The email, which was later widely circulated and became known as the "Ticker Baruch" email, contained a series of warnings and predictions about the unsustainable valuations of technology stocks and the impending market correction. Baruch's email was met with skepticism by many at the time, but it ultimately proved to be eerily accurate.

Here's an excerpt from the email:

"I am writing to express my deep concern about the current state of the market. The recent run-up in technology stocks, particularly those with no earnings and no clear path to profitability, is unsustainable. The valuations are absurd and will eventually correct. I believe that we are witnessing a speculative bubble, similar to the one that occurred in the late 1920s, and that it will eventually burst.

"I am not predicting a gradual decline in the market, but rather a sudden and dramatic collapse. The consequences of such an event will be severe and far-reaching, and I believe that it is essential that we take steps to protect ourselves and our clients from the impending disaster."

Of course, the email was not without controversy, and some critics accused Baruch of being overly pessimistic and even "doomsdayish." However, in hindsight, the email's predictions were remarkably accurate, and it has since become a legendary example of the importance of contrarian thinking and the dangers of market euphoria.

It's worth noting that Baruch's email was not a trading call, and it did not advise anyone to sell their stocks or take any specific action. Rather, it was a warning about the potential risks and consequences of the market's behavior at the time.