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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (12179)4/11/2000 7:44:00 PM
From: stockman_scott  Read Replies (2) of 35685
 
V: In my opinion 'The Houses' are on the verge of pushing the Naz sell-off too far....They could ruin their internet IPO gravy train <G>...The market sentiment for internet stocks has not been this bad in a long time -- it will not heal overnight. If 'The Houses' were smart (and I'm not so sure many of them are), they would be starting to pound the table on the Blue Chip tech stocks and on many of the solid internet stocks. Look at Morgan Stanley and Goldman -- they have racked up RECORD PROFITS due to their aggressive investing in internet firms and by doing a lot of underwriting in that sector. Yet, they will not match last year's profits if they ruin the sentiment for internet stocks...Look at the backlog of IPOs that will start to get delayed...Just some thoughts....I'm NOT worried that those overpaid ANALysts and Investment Bankers will go hungry anytime soon though...;-)

How's the view from the porch tonight?

Best Regards,

Scott
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