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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (71557)	10/25/1999 11:56:00 AM
From: MythMan	Read Replies (1) \| Respond to of 86076

I stopped reading that ran in the food checkout line. Switched to the Globe.. ho ho Much better -g-

To: wlheatmoon who wrote (71557)	10/25/1999 12:01:00 PM
From: Ken98	Respond to of 86076

No question that it is the American dream and it has been a tremendous catalyst for growth and innovation. I know a 30 yr. old secretary in Dallas that picked up $250K in options when her company went public earlier this year. First thing she did was go out a buy a top of the line Lexus. There is nothing wrong with that and she can do anything she wants to with that money. My problem is with the economists and bubbleheads that try to say that this does not have any economic impact. Of course it does! It leads to increased discretionary spending like outlined above and it leads to distorted cash compensation because people are taking lottery tickets as payments for their work rather that cash earnings. And Iceshark is right that the tech sector will be shredded when the music stops and the 25 year olds want real money instead of lottery tickets.

To: wlheatmoon who wrote (71557)	10/25/1999 12:29:00 PM
From: IceShark	Respond to of 86076

I have no problem with spreading the rewards .... but it has gotten all out of hand due to accounting and tax loopholes compounded by the scamers on the Street. Another leveraged landmine that the market better not step on. In a rational market these items would be normalized, taken into consideration and reflected in the stock price. But everyone just ignores it because it is easier to swallow a PE of 100 rather than 400. This was just one of the first steps in valuation inflation. But like an acknowledged "minor" drug abuse problem that is left to its own devices, one day you turn around and it is a shagging monster. -ng-