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Technology Stocks : LSI Corporation
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To: Paul Lee who wrote (19279)7/14/1999 4:11:00 PM
From: shane forbes  Read Replies (1) of 25814
 
This is the problem with excess liquidity. It is not that the stocks
are cheap but instead there is nowhere else to put the money to work. So they (as from time immemorial) chase the winners irrespective of the valuations. Some of those stocks on that list are way too expensive by any rational standard. But explaining this to the 55-65 years old who do not have enough money to retire on or the speculators for whom any money is never enough money is like explaining medicine to a deaf quack - they won't listen because they don't want to listen and in any case they can't listen because if they did they'd be out of business.

Eventually, like a 20 lb brick hitting one's noggin', reality will hit. It happens every now and then and it will happen again.

We shall see...
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