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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (13760)	8/8/1999 3:10:00 PM
From: Jing Qian	Read Replies (1) \| Respond to of 29970

Ahhaha, I see your pessimism toward the long term(next 20 years) explains your pessimism toward the stock price of ATHM. You are consistent but it doesn't mean you are right. According to the Sept issue of the "WIRED" magazine, 5 prominant thinkers are all predicting a "roaring zeros" that means the next 2 decades will be the most prosperous decades in US history. Quote: "The good news is, you'll be a millionaire soon. The bad news is, so will everybody else." They have four reasons for the ultraprosperity: 1) DEMOGRAPHIC PEAK The largest, best-educated, most prosperous generation that has ever lived is entering its peak years of productivity, earning, and spending. This is true for the US, but also for much of the rest of the developed world. This boom of producers and consumers creates a huge market for products, a huge force of creativity, a huge pile of money, and a huge demand for investments. 2) TECHNOLOGY RUSH The largest deployment of novel products and services, labor-saving machines, and life-changing techniques is now under way. In addition, we'll begin to harvest the productivity gains of technology developed in the past two decades. But most important, new technology is creating entirely new territories of economic development(the internet and kin) that will be profitably settled in the next decade. 3) FINANCIAL REVOLUTION Money itself is undergoing a revolution. The velocity of money - how often it changes hands - continues to increase, middle-class values continue to spread around the world, and financial inventions continue to proliferate. Innovations such as mutual funds, rapid IPOs, microloans, 24-hour markets, hedge funds, smartcards, reverse auctions, and mass online trading liberate the flow of capital and spur intense economic growth. And the transformation of money and markets has only just begun. 4) GLOBAL OPENNESS The spread of democracy, open markets, freedom of speech, and consumer choice around the globe accelerates economic growth. Global openness not only enlarges the potential market for any invention to 5 billion customers, it also creates intense competition among governments to construct environments hospitable to progress. Prosperity can no longer be segregated to one part of the globe, and when prosperity does break out, it is amplified quickly by ever-spreading freedoms. Ahhaha, I feel the above 4 forces are more convincing that the prosperity will continue along with the stock market. You concentrated on inflation as the dragging force. But I don't believe inflation would be as important to influence the economy as in the past. Number 4 force, global openness is going to make inflation irrelevant.