Les
On oil, judging by the futures, they don't believe Venezuela is talking a big production boost, do they:
ap.tbo.com
Is this the equivalent of a Business Week cover?
ap.tbo.com
"There is now a belief that technology stocks are immune to
swings in interest rates and the business cycle in general," Johnson said.
Hmmmm, why does that quote resonate so well over the years, with another famous quote, something about a permanent plateau, blue sky kind of thing, what was that gentleman's name....Irving Fischer 1929?
Nah, couldn't be, the bears have been rumbling that stuff for years, I think the last one just croaked.
PS, in doing a quick websearch to confirm Irvings name, I had difficulty finding reference to his quote. My my I thought it was common knowledge, poor deluded dino that I am. (Of course, I started on Yahoo, Netscape and some others with a vested interest, OTOH, I am sure they never heard of old Irv... VBG)
Best Regards,
Roebear |
