Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (22320)	6/15/1999 12:24:00 PM
From: ben.	Read Replies (1) \| Respond to of 41369

Correct, they are not in it, BUT the psychological impact is what drove the Dow to where it is today. Some prudent Investors ( am not one of them) made their money investing in the internets. Then used the profits to buy so called stable or mature equities. The danger of taking the Dow comes in when same investors start fearing what happened to the internets may happen to their stable stocks. They will sell and there goes the market and you know it has happened a few years ago, just after the biotech scare. If the news media, especially CNBC don't quit from describing a down draft as "massive sell off", "blood bath" and such cliches, they will actually ruin the market. Stock investing is speculation pure and simple and markets and equities go down because they went up, allowing more people to get in. To understand, look at Warren Buffet's holding company. The Class B or C shares sells for about $73000.00, that's what happens to a market that never goes down, but how many share of those can you and I afford?. I don't think you will be on this board if you owned many of those. ben