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Non-Tech : Bill Wexler's Dog Pound
REFR 1.655+2.8%Dec 3 3:58 PM EST

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To: Smilodon who wrote (6875)2/25/2000 3:16:00 PM
From: Bill Wexler  Read Replies (1) of 10293
 
I have to call 'em as I see 'em. While it is impossible to predict a market collapse...my intuition tells me that the "bubble" theory is not correct. There is a huge secular change going on as evidenced by the divergence of the Dow and the NAZ and I while I don't want to fall into the "this time it's different trap" it would be equally foolish to dismiss the fact that the world is changing, and fast.

Barring unforeseen cataclysms, I expect that 20 years down the line, we'll be looking at the year 2000 valuations of some of these "new-economy" companies the same way we look at the valuation of General Motors and IBM in the 1950s.
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