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Technology Stocks : Dell Technologies Inc.
DELL 133.92-4.9%Nov 13 3:59 PM EST

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To: Lucretius who wrote (95100)2/5/1999 1:16:00 PM
From: Chuzzlewit  Read Replies (2) of 176387
 
Lucretius, you sound like a broken record. Get with it man, CDs have replaced vinyl. <VBG>

Seriously, Michael Murphy makes a very interesting point in his book on high-tech investing. He notes that US economic and monetary policy is geared to smoke-stack and commodity based industries, but that sector has been growing at around 2 - 3% per annum. By contrast, hi-tech has been growing in the aggregate of around 20% per annum, and throughout its existence it has lived and thrived in a disinflationary environment (a phenomenon very troubling to non-technology companies). He further projects that if current trends continue technology will comprise 51.3% of the US economy.

It seems to me that betting on the demise of these companies and putting your money into the precious metals market is akin to investing in Confederate money.

TTFN,
CTC
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