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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

Nov 17 3:59 PM EST

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To: Zeev Hed who wrote (17611)	12/24/2000 4:02:58 PM
From: limtex	Read Replies (2) of 60323

ZH - if we indeed get into a real bear market. If we get to that there is bound to be collateral damage for instance banks going bust, hedge funds in serious trouble, no retirement for millions on time, mass unemployment, serious social disorder etc. Some or probably all of the above and more will result if the market tanks any more. That may be enough to get Mr Greenspan to realize the damage his obsession with the NAZ has caused the US and the World economies. Sooner or later the World and markets will return to 'normal'. IMHO this is not the end of the World or of the market as we know it. Now as regards 1966 to 1982, well the World is simply different. There are vastly more investors, there are millionsof baby boomers that were teenagers then and that want to retire. They won't be able to do that with interest rates at less than 5%. Technology companies are going ot grow. Some of them are going to grow for years ahead at amssive annual growth rates. Technology did not stop because Mr Greenspan chose to blow up the World economy. It is growing for fundamental reasons and it has been set free by and is growing and feeding upon all the developments of the last couple of years and it is speeding up. People are going to make a lot of money in tech in the next decade and we all want a peice of it. This artificial crash, the product of one mans obsession with the growth of a market based upon an expansion of technology that he admitted he just did't understand. Like so many a human experience simple people confronted by something they don't understand and are scared of tend to destroy it. He won't be there for ever. LIfe will return to normal. Best regards, L

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