(OT) Bearcatbob, Good price on WCOM! I have purchased some tech/telcom stocks now too, all of which sell right at or below book value. Just a couple are PRLX, SEMX, WCOM, T, CMGI, CPCL, ASTX, and a couple barely over book value MRVC, INVX, etc., lots of them with no debt and big cash positions to boot.
I have an article on recoveries on the NASDAQ after major bear years that maybe I could post somewhere. Average full recovery (return to 5132 level) for the last 30 years has been 18.5 months from the bottom...
California has some serious structural problems in energy, power, and water that need to be rationally- and pragmatically- addressed. Failure to address these issues will just serve to drive economic development into Arizona, Utah, Nevada, and Texas (New Mexico has a really poor state tax system that hampers their efforts at econ development and so is no threat to California)...Like or lump George Bush Jr. for e.g., he has done one hell of a great job with the Texas economy.
My favortie politician for being a pragmatic leader is Getulio Vargas of Brazil. In his career he went from being a moderate, to a Communist, to a fascist and then on to a conservative as Leader of Brazil in the 20's through 50's.
The point being he was pragmatic and rolled with the times n order to get the best things done for Brazil. Hegel said: "Wer nicht mit der Zeit geht, der geht mit der Zeit" That is roughly- "He who does not adjust to the times will get flushed down the crapper with the times as they pass."
Power plants and power lines are ugly and kick out emissions- However you need them in order to have all of that beautiful high tech industry....symbiotic relationship.
New alternative energy technologies are coming...But they won't be here in commercial quantities for a while... |
