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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (71362)10/22/1999 9:25:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
Larry Ellison of Orcl says something similar, even more extreme if i recall. and they are right...i use a network at home which is connected to the BIG network...

btw, i do not dispute that we live in an era of great technological progress that will turn out to be very beneficial long term.
and of course there will be companies profiting greatly from that.
however, today's stock market darlings which hold the indices aloft seem to discount not just the future, but the hereafter.

and that is due to the irresponsible monetary policy by the Fed, which has fed the bubble the excess liquidity it needed to expand. so no matter how wonderful the technology, valuations will have to come down, and drastically.
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