SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: levy who wrote (15139)12/19/1999 1:31:00 PM
From: brk  Respond to of 28311
 
OT

levy,
That story is identical to my grandfather's.....he was a successful businessman that only owned stock in a local bank to support the community (he was a city councilman for 16 years). He had zero trust in the stock market due to his days in the depression. Of course that bank is now BAC, and grandma lives off the dividends.
The thing is that a lot of people my age (30) still think real estate is where all the profits are (because of what dad and grandpa said) and are just now starting to see the potential in the market. I sold real estate and have plenty of friends that build, develop, own rentals, etc. and I can tell ya that in today's RE market (at least in Western Washington), it is all high stress and high risk if you aren't part of the "good ol' boy" network. I've make more than all of them this year without dealing with the county permitting process, unreliable sub contractors, pesky buyers, and loser tenants. Now they say "well, maybe I should put a little $$$ in MSFT". Hell, I don't even own a house.

So will the pendulum swing back the other way?

I may be naive, but I think the answer is quite simple. Many "corrections" will happen along the way, but it will not swing back until the baby boomers start the mass exodus to enjoy their huge gains and retire. I don't believe this will happen for about 10 years, so I am bullish until then.

Just my clouded Gen X Views,

regards, brk



To: levy who wrote (15139)12/19/1999 7:22:00 PM
From: NotNeiderhoffer  Read Replies (3) | Respond to of 28311
 
NotNeiderhoffer Names Russell Horowitz "Da Man of the Year"

Dec 19 7:21 PM EST

NEW YORK (Reuters)-

"Several years ago I started bestowing this honor on the CEO whose company's stock treated me the best during the previous 52 weeks" says the mercurial small-cap specialist who spends far too many man hours on the Silicon Investor website.

"I am extremely annoyed to see TIME magazine try to upstage my annual award presentation with the timing of their announcement" says the charter member of the Go2Net long list (#100). "Those dead tree guys are major weenies".

When asked about Jeff Bezo's contributions to the online revolution the tempermental money manager shot back "That may be true but when was the last time you heard about the Amazon employee soccer team?" adding "Russell could break Bezo's over his knee and my sources tell me Russ scored higher on his SAT's as well."

When asked to comment on Go2Net's Y2K readiness Mr. Not drew a deep breath and replied "Al Gore only invented the internet a few years ago and there are not legacy systems to contend with" going on to predict "the biggest problem Go2Net will have on New Years eve will be to round up enough champagne flutes to drink the several large format bottles of bubbly I will be sending to Russ and his hard working crew at about noon on the 31st. This could set off panic in the offices due a lack of appropriate stemware, but I would recommend drinking it out of a coffee mug of even a shoe assuming they are not wearing Birkenstocks in late december"

Concluding his comments, NN added "Assuming I survive what could be the mother of all hangovers on New Years day, I am looking forward to Russ' presentation at the Needham Growth Conference in NYC in a couple of weeks" where he expects "an excellent presentation that really will light this candle-$200 a share or bust"