Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: StaggerLee who wrote (8963)	4/1/1998 11:50:00 PM
From: Bill Harmond	Read Replies (2) of 27307

>>providing internet access That's MCI's headache. Yahoo gets new users fed to it. >>selling clothing Not exactly a market-moving event. Those clothes do make money (Internet model, supply-chain just-in-time ordering software and all), plus it's free advertising. The market got a new lease on life today. Japan couldn't make it work by the end of their fiscal year, their troubles continue, and as long as that's the case, our interest rates have to go lower. Until there's strength in Asia (and importantly, no further meltdown) then America slows down (Chrysler's sales numbers did the trick today) but rocks on. Pax Americana. The Romans enjoyed the same thing for four centuries. In those days peace was militarized; today it's securitized. Meanwhile we Boomers keep pumping money in and taking nothing out. Never underestimate the Boomers. Boomers have a huge cumulative effect on markets we touch because we affect them simultaneously, en masse, and for twenty years. The S&P 500 is overvalued by ~15% on dividend discount models right now. 20% usually triggers a break in breadth. 30% caused the '87 crash. If long-term rates go lower, then that problem eases.

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