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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Crystal ball who wrote (28170)	8/13/1999 6:55:00 AM
From: Lee	Read Replies (2) \| Respond to of 50167

CB,..Re:.future is being made now, by the techs and the Internet Revolution in e-commerce and INCREASED productivity in every MODERNIZING sector of the economy Tech business contributions to our GDP are not even 50% which leaves our old smokestack industries still carrying a significant load. Although this is changing and tech is gaining, we still have to pay attention to 'old' type fundamentals. Latest graph on productivity (non-farm output per hour) does not show that it is ever increasing, measurement problems aside. stls.frb.org Re:.STOCK IS CURRENCY This is totally dependant on the actual or 'real' value of the acquiring company which everyone knows varies significantly. As far as the Fed slowing the economy, did the rate hike in March '97 crimp your market gains? Or did it extend the period in which you were able to make nice gains? Or the rate hike in Sept. '95? decisionpoint.com Regards, Lee

To: Crystal ball who wrote (28170)	8/13/1999 9:06:00 AM
From: LTK007	Read Replies (1) \| Respond to of 50167

Let's review this matter a year from now,as all theories are out there and running,and I would say the next 2 years will be the acidtest--and since the lines are so clearly defined someone will quite be right and some one will be quite wrong. But thus far I see this wild optimism simply occurring in the microcosm of U.S. affluence. I don't get brainwashed by anyone,I just watch and adapt---Meeker shouts AOL 200. Gees let me see people who bought 2k shares of AOL at 170 are sure as hell praying that it will get to 200 to get their money back. Regards the recent collapse of AOL you would blame it all on a man who as overseen the greatest Bull Market in history,Alan Greenspan. But other say PROFIT TAKERS only use the interest rate matter as an EXCUSE to grab their profits and run. I simply suggest markets that run-up too fast will come down,and this volitility is with us for now==people will forever sell-off an over heated market. Next time AOL is 50 I will buy it and sell at 200. As I say we need at least 2 years to see who is right and wrong. Me I will continue to play the market's volitility.Good Luck,Max90