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To: Rob S. who wrote (68072)7/17/1999 2:56:00 PM
From: KeepItSimple  Read Replies (2) | Respond to of 164685
 
> He wants into the monopoly money game.

This "monopoly money" that is being created and traded is becoming the first non-government issued currency inside US borders that can be directly converted into cold hard cash.

What happens when there is just as much "internet cash" (add up all the internut stock shares) as "us legal tender" ?

I find it flooring that people throw around reasoning such as "well, in internet land, money is free and we pay 20 billion dollars for assets that would otherwise cost 20 million".

This is really getting out of hand.. We're creating TWO seperate monetary systems here. And one of those systems is quickly creating a new arsitocracy of never-before seen wealth.



To: Rob S. who wrote (68072)7/18/1999 9:26:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164685
 
In Day Trading, Less Thrill and More Chill

Day traders helped drive Internet stocks to insane heights
in the spring -- and then watched them thud. Now, as the
escalation in Internet share prices resumes, day traders can
look back on what, if anything, they've learned.

nytimes.com