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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack T. Pearson who wrote (37350)	1/13/2000 9:00:00 AM
From: pater tenebrarum	Respond to of 99985

Jack, i agree...the key to profitability will be the speed at which companies can adapt, and obviously not all will be similarly capable. but looking at the current crop of internet-related stock market darlings, i think that even those that have by now a proven record of execution have totally insane valuations. it always comes back to the same root cause: the Fed, which is conducting a much too loose policy due to the benign inflation background. regards, hb