>>What do you think has been holding the NAZ up while, SPX, OEX, DOW, etc. have been taking a pounding?<<
Pure speculation, that's all... speculation of the Internet companies... the Internet is now where the telephone was in 1900, in its infancy, and everyone wants a piece of the action... in 1992, there were only fifty (50) Web pages, not even Web sites... and you had to be a computer whiz to find them... today, with the ease of thread searches or search engines, anyone can search the net and commerce quickly found a new way to market its wares... today, we have a small handful of giant auto makers in the U.S., but when the car first appeared on the dirt roads, there were several dozens of car makers that sprang up... my guess is that the same thing will eventually happen with most of these Internet companies, the few well based companies will buy out, swallow up, and out perform the others and the weaker ones will just dry up on the vine and fall by the wayside.....
GZ |
