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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (2254)	12/26/1999 4:55:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 3543

>That's the hot front in Internut investing, not the tired "old" names. Dale, it is obvious from your description that you are about as far removed from silicon valley as can be. Would it change your opinion of the new economy if you hung out with people who worked inside these "new era" companies? How about if you actually set foot inside their offices? How about if you saw first hand that these companies, for the most part, are simply about selling stock? That their entire business plan consists of "keep them guessing long enough for my shares to vest and i'll retire to jamaica" ?? If you knew these people, and these companies, I seriously doubt you would consider this the future of our economy. These are simply the stock "bucket shops" of the 90s, and nothing more.

To: Dale Baker who wrote (2254)	12/26/1999 4:59:00 PM
From: Bill Ulrich	Respond to of 3543

The geek stuff nice, but the real power is in the mundane humdrum. That's when you know the net has affected society to its basic core. A few months ago, I met an insurance exec who said his company is migrating all their auto policy forms to the web. He expects in a few years, that virtually nobody will buy auto insurance from a 'real breathing agent'—it will all be done online.

To: Dale Baker who wrote (2254)	1/1/2000 5:21:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3543

I believe, both sides have made valid points. However, I'm a bit worried about the absolute level of the market, not its volatility. That means, the buying opportunities are shrinking dramatically, likewise heavy bets on the short sides are made. If there are no more bargains in sight - publicly conceived - then the mood should turn. My take is that the market needs some decent profit taking ("patented swandive") before new (or recycled) money can buy more, then again cheaper shares. That should prevent a "crash", in fact. The last what we need is a languishing, dull market ...with no tension on the rubberband on either side. And finally, it demands openminded, forward looking lawmakers and politicians. Restricting trading, or imposing taxes/hurdles on the internet is poison. .... Acutually, the announcement of sales tax collection helped bomb the e-tailers into halves amidst the overall bull market. When was the performance divergence between AMZN and YHOO/CMGI etc. at that level?