Frank Coluccio Technology Forum - ASAP Message Board

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Technology Stocks : Frank Coluccio Technology Forum - ASAP

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To: RocketMan who wrote (1194)	2/18/2000 8:51:00 PM
From: ahhaha	Read Replies (3) of 1782

You couldn't compose a more bullish collection of information as all of what has been released over the last two months. AG's testimony was beyond a doubt the most bullish he's ever given. He is practically doing cartwheels over the constructive situation now existing. It was especially humorous to listen to these hack amateur Congress types as they fumbled to resurrect some form of socialism and showed their perfect failure to understand the most elementary economic concepts. Greenspan was especially good in saying, "I'm not going to discuss your bullshit concepts, asshole. You just bring up this garbage because you're an illiterate fool who has somehow managed to get to the Congress. I would have flunked you out of high school." In the past he was more obsequious. It's about time someone kicked the asses of the continuing disgraceful parade of economic illiterati who have received their degrees in law and economics from prestigious universities. They know what is just and fair. They and they only. It's also humorous to hear various people on CNBC reach the conclusion that Greenspan was going to raise interest rates some more. I listened to every word AG said and I didn't get that although it's a truism that it will work that way. So what? Who invests in MMM? It is good that interest rates are rising. The rates are killing off the old indolent inefficient rust bucket 19th century leftover corporations whose continuing existence has been held together only by a benign environment. It would take an instantaneous fed funds rate of 30% to slow the new economy corporations because that's what their effective growth rate of wealth is. Long before that happened the rust buckets would be crushed to such an extent that the economy would necessarily slow. Slowing is no relief though because 80% of the corporations have not and are not adapting to the new era. We have both a bear market and a bull market going on simultaneously. Once you understand this you won't be concerned about "what the market is doing". When you are concerned about the market that tells you that you shouldn't be involved with stocks.

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