Wi-LAN Inc. (T.WIN) Message Board

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Technology Stocks : Wi-LAN Inc. (T.WIN)

WILN 1.390

0.0%

Sep 18 5:00 PM EST

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To: axial who wrote (5621)	12/26/2000 4:31:06 AM
From: glenn_a	Read Replies (1) of 16863

Hi Jim. What I find myself wondering lately is this: Can the U.S. economy and financial system (and the global economy and financial system correspondingly) gracefully handle the bursting of the massive speculative bubble that has built up in tech stocks - and most particularly the Nasdaq; or is a hard landing inevitable as the Nasdaq continues to deflate? I mean, at something like 75x earnings, and a fairly dramatically-slowing economy, the Nasdaq as a broad index is certainly no screaming bargain. What IF the Nasdaq deflates by another 50%, or even to the 1500 level. What IF margin calls start to really roll in on the Cisco's, and Microsoft's, and Intel's of the world. I really don't know. What if at some point the Fed throws at interest rate party, and no one shows up? ... and equity stock prices continue to deflate. While I certainly agree that in the 'long-run' the market will return to growth, I just hope equilibrium can be restored to the U.S. and global capital markets via monetary easing early next year. I believe this is the most likely scenario, a la 1988. But, it's really too early to tell IMO. Best, Glenn :)

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