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Biotech / Medical : Monsanto Co.

MTC 3.460

+8.5%

Feb 3 3:59 PM EST

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To: Dan Spillane who wrote (1898)	4/6/1999 8:41:00 PM
From: Edscharp	Read Replies (2) of 2539

Dan, You've posed an interesting question. I think the Yahoos and Amazons of the world are altering the infrastructure of our economy. For instance, I can hardly remember the last time I went to a bookstore or music store to buy a book or CD. I wouldn't invest in a retail book store now if my life depended upon it. On the other hand, I have purchased books and records that I wouldn't have otherwise purchased if I had to search the malls of America for them. Lesson? Don't invest in Malls. Do invest in shipping companies. Information technology (IT) is making our economy more efficient, but I agree with you they don't add products like biotechs, oil or agriculture. Hyperinflation in IT is a distinct possibility. Eventually the market will punish excess.

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