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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: PaulM who wrote (10444)	4/22/1998 11:15:00 PM
From: Casey	Read Replies (1) of 116764

Here's a gem from Fleckenstein: stocksite.com "The Internet is the ultimate imagination machine. The Internet will be part of the future, it's just that we don't know quite how. That hasn't stopped today's speculators from deciding that they not only know who will win, they know what it's worth. Yahoo!, Amazon.com, and America Online, with barely any earnings collectively, have a combined market capitalization of $20 billion, equal to approximately half of the entire market capitalization of the Thailand stock market. Never mind that there's no barrier to entry and the supply of product nearly infinitely expandable. In today's bull market it is the perfect industry: no fundamentals, therefore no disappointments. " My emphasis added.

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