%0 Journal Article %A Thomas Bengtsson %A Michael J. Seiler %T Stock Market Bubbles %B Do Some Industries Gain at the Expense Of Others? %D 2001 %R 10.3905/jwm.2001.320420 %J The Journal of Wealth Management %P 50-57 %V 4 %N 3 %X 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. %U https://jwm.pm-research.com/content/iijwealthmgmt/4/3/50.full.pdf