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Technology Stocks : Ascend Communications (ASND)
ASND 196.81-4.9%Dec 9 3:59 PM EST

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To: Peter Yang who wrote (40231)3/19/1998 4:05:00 PM
From: Joseph Colombo   of 61433
 
<<DOW first time 8800!!! I'm just too scared to buy any stocks right now.>>

Peter,

We are in a different type of market than even a few years ago. The big difference is that the big guys can't control the market the way they did in the past 100 years. Individual investors are a big force. There are places like this one for the little guy to get information and each other opinions.
I don't even need a broker to buy and sell. When in our past could we do that.
There are many many more reasons I can't list.

And last but not least, the baby boomers are in the best earning years of their lives, and putting money away into mutual funds, etc.

I see double this market. Obviously it won't be a straight line, but we will see numbers that where unbelievable a few years back.

Joe

ps I remember when the dow was 660.
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