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Strategies & Market Trends : The New Economy and its Winners
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To: Libbyt who wrote (7410)6/4/2001 2:46:40 AM
From: craig crawford  Read Replies (1) of 57684
 
>> My comments had absolutely nothing to do about buying stocks <<

i think i addressed this at the beginning of my post when i said i wasn't arguing your points, i was simply using them to form my own argument.

>> The Internet is changing the way people are doing everyday tasks <<

the railorads changed the way business was done as well. so did the telegraph. so did the telephone. so did the automobile. so did aviation. so did tv's. we still had boom and bust periods and they've only gotten worse since the creation of the federal reserve and central bankers!

it's amazing to me how everyone on this thread thinks that technology only started transforming business in their lifetime. can you imagine how important the telephone became for conducting business and leisure? telephony was still a huge growth business in the 30's. the telephone didn't achieve 50% saturation until 1945. how about aviation and the automobile? you don't think that was important?? all these great technologies meant fantastic profits and high stock prices going into 1929. no different than what we saw in 1999. yet it wasn't a good plan to be holding these stocks for the next 15 years, even though technological innovation marched ever onward.
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