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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Alex MG who wrote (15291)	12/3/2002 11:49:01 PM
From: Lizzie Tudor	Read Replies (1) of 19219

are you still on the "new economy trip"???... wake up and get off the bong pipe OK... well I really have no incentive to get into this here... and I appreciate lurqer's post, very interesting.... But really, on this issue of "new economy"... its gotten to the point where the mere utterance of this term evokes some kind of backlash... lets call the "new economy" something else shall we- how about "the tech economy".. is that better? I realize the hype was a bit overdone in the late 90s when Joe Public and the politicians (always the last to know)figured out that with technology the USA could produce superior goods cheaper than anywhere in the world. Dell was the poster child for this. In the 80s, it looked like the USA couldn't do anything did it not? So this was quite a revelation, and the markets went berserk and the rest is history. But to imply that there was nothing there, as if there is nothing different in the US economy than existed in say, 1985 when Japan was kicking ass and Fortune was having a difficult time coming up with "100 items that the USA produces best" is equally absurd. (they really did run a piece like that in Fortune, late 80s imagine that). Lizzie

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