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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: accountclosed who wrote (81894)1/2/2000 7:20:00 PM
From: Thomas M.  Read Replies (1) of 86076
 
I saw the Grant interview, and he was excellent, as always. He pointed out that tech has been around for many decades. The telegraph was a huge advance at the time. He mentioned the great credit bubble fostered by the Fed and Fannie/Freddie. He also mentioned the many non-Internet stocks which sell under 10X earnings, while the NASDAQ sells at 175X. They kept asking the Q CEO about the stock market, as if he has a clue.

Tom
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