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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (6949)	10/14/1999 1:23:00 AM
From: smolejv@gmx.net	Read Replies (1) of 11051

>>. Kapital is destroyed when one of these things you hold loses intrinsic value<< Paper profits are no capital. Id rather term it inflation (as long as they stand for profits made in companies with P/E above say 25). The REAL problem is Joe Average of US realizing this sad fact some time around the start of the Xmas season (we are the smart ones). THEN the real savings rate of US (at the moment at about NEGATIVE 1.5 or 2%) will get cashed in. Thank God for Y2K to obfuscate this real nasty little problem. I got blasted by Steve some time last summer, ie summer 1998, for indicating that. He used Milo Minderbender's argument if I remember right: "we put everything into M&M company. And everybody got a share". Producing cotton candy out of Egyptian cotton. OTH you guys are too pesimistic - we made a pile of money last few years, have we not? So what's 20% off 200% profits? Gone? You mean you blew them? Oops... I told you not to buy that Porsche (g). And you have mortgage to renew... Awkward. dj

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