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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (851)	1/18/2000 3:52:00 AM
From: mtnlady	Read Replies (1) of 35685

First time on the porch (well I admit I've been 'lurking' for awhile ;-). I had the same impression of Greenspan's speech. Very, very interesting. My impressions were... a) Even the fed knows something VERY, VERY BIG is going down in our economy. The internet, and all that 'that' implies is truly a HUGE revolution for our economy/way of life. b) Wireless, fiber optics, B2B e-commerce - HUGE places to be right now. Epicenters of 'the movement'. c) Wealth being generated beyond imagination and that wealth is trickling/flooding 'down' to the masses through stocks. A relitvely few number of highly, HIGHLY valued (over valued, right valued, under valued?) stocks controlling 80% of the wealth. Internet trading amplifying EVERY affect and moving control (slowly) into the hands of everyday investors. And I might add another facit of the revolution that will shake the very core of the investment and banking establishment. How will they fight to regain/attempt to keep control? d) Greenspan concerned about this wealth and the spending 'excesses' it causes. Admits the fed doesn't have a clue, or formula, to measure/predict our "new economy". e) Doesn't want to hurt economy, doesn't want economy to hurt itself... so we shall see small raises in interest rates... What I marvel at though is the width, and breadth of this revolution we are in/. When I heard his speech... wow... We could all see it but when the conservative Fed basically 'sees' the same things AND the same sectors... Thankful to God that my/our investments should see the rewards of this revolution. Hoping we all 'do the right thing' with our new found wealth. What a time we live in no? By the way... my gut also agrees with your correction thoughts. I think we are going to see one heck of a trampoline this year. Definitely starting (now!) to work my investment strategies in new ways to take advantage of these dips - and get rid of my margin! I see $$ to be made in the dips (i.e. buy 'low') this year just like $$ was made in the 'runs' last year. Love hearing your insights V :-) Thanks for your words of wisdom. E

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