The Future is only delayed not postponed indefinitely. And when you create an entire new economy, replacing the old economy, which is what the internet does, what stocks like NTAP for storage and PALM for decentralized wireless handheld pda computing platforms will allow, it becomes a permanent social, political and economic change to greater democratic and individual empowerment, something that once there is a taste, you can not prevent from revolutionizing the world. When such a change occurs, the replacement of the OLD economy with the NEW ECONOMY creates so much market share change, and GROWTH that higher P/E ratios are allowed. Old P/E are for stable old economy stocks. But do not forget, this is still (barely) a capitalist system that will bring this brave new world to us, and central control freak, Greenspan and the 2nd Greenspan induced recession, can only delay not stop this new economy and new world order. Of course some dot coms were dot bombs, that is where Due diligence always comes in, DD, you have to invest in companies with proven business models and REAL EARNINGS not rich kids just spending investor IPO money on lavish lifestyles, but those companies are not the ones that I mean, even though they are the darlings the liberal press likes to discuss as if to excuse the failed and absolutely insane monetary policy of their liberal central control freak friend Greenspan (maybe because his wife, is a member of the liberal press herself, how clintonesque). THIS BUBBLE DID NOT BURST IT WAS BUSTED BY GREENSPAN AND THE FOMC's THEFT OF $10 TRILLION DOLLARS OF GLOBAL LIQUIDITY. See my post at: Message 15943343
I am,
Truly your$,
-Crystal Ball |
