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Technology Stocks : RAMBUS (Nasdaq: RMBS) - THE EAGLE -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (219)	12/7/1999 5:58:00 PM
From: Dave B	Read Replies (2) \| Respond to of 2039

mindmeld, Now your everyday daytrader with zero finance training claims to know how to value companies more than an MBA with a finance degree. So instead of rational valuations, we have companies with $10 million in revenues worth $7 billion. I hope it doesn't end in the next 10 years, but when it does, I fear it will be brutal and cause a lot of bankruptcies. The market slogan is (or should be) "Get an on-line account -- make a million!". My take is that the baby boomers are saving madly for retirement knowing that Social Security is going to be a joke. That's why we're not seeing any inflation in spite of inflated net worths. The leading edge of the baby boomers turns 60 in 2005. Sometime around then, they'll start retiring which will: 1) start reducing the amount of money flowing in to the market, and 2) begin the process of selling to capture some of their immense profits. This will cause a slow down in market growth. The baby boomers born in 1950 (who are then 55) aren't going to want to watch their profits disappear, so they'll start backing off. It'll trickle down from there and we'll see a crash start. OTOH, maybe the boomers will only sell off how much they need to live for a couple years and leave the rest in the market (though they still won't be pumping new money into the market). In which case, it might not be so bad. Personally, I'm betting the first scenario will occur and that we have 3, maybe 4, more years of strong market growth before it begins tailing over. I have a feeling that the last half of the 00's are going to be ugly. BWDIK. Of course, all bets are off if Gore wins the presidency and the Democrats take back Congress <G>. JM2C, Dave