Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (15351)	1/20/2000 7:16:00 AM
From: Don Pueblo	Read Replies (3) \| Respond to of 63513

The big tech companies that did not hit their numbers (LU, GTW) say that it was because they didn't have enough products to meet the demand! Tech stock earnings reports continue to be a pleasant surprise. I was looking at the long term charts on the Dow and the Nazz again this morning, trying to figure out what the heck is going on. I think I see it. (Don't laugh, I'm sure lots of people that are much smarter than I am figured this out 4 years ago.) The Internet is a force majeure. Traditional analysis of value doesn't work. This is a very, very difficult thing for anyone over the age of 30 to understand. (Most people under 30 don't really understand the way equities are "supposed" to be valued, so they don't count. They just buy the dang stock.) Now that CNBC has regular updates on after hours trading, and the general public is very concerned with the one day moves in the stock market (which is also unprecedented in history) we see margin purchases going higher and higher...stock prices going higher and higher...the media dispensing short term investment advice...and it really is quite scary for anyone who was in the stock market before 5 years ago. 5 years ago, a mutual fund that had a 25% gain for the year was a huge, huge winner. A fund that did over 100% was considered so volatile that you would never invest in it, and most of them would take a loss the year after their huge gain. I also realized something else. Back in the 60s, we (the kids) had big rallies to protest government actions we did not agree with. We wanted change, we wanted the world to be a safer place. That's different now, too. The good intentions are still there, but now, we have people that can donate millions and millions of dollars to whatever cause they think is good. This is what will really make the difference. If some 26 year old multi-millionaire thinks that sugar, or partially hydrogenated soybean oil, or cigarettes, or Nutra-Sweet, are killing the entire population of the United States, he can actually do something about it other than walk around stoned and bitch about it to his freak buddies. If a multi-millionaire with a vision wants to feed starving children, he can get on a plane with his checkbook and go do it. Money talks. That's the part that most of us were missing in the 60s. That's the only thing that is going to save us from extinction...people with good intentions and the money to throw at them. That is what is driving this market upwards. The bad guys...like those slimeballs that stood up in front of Congress and swore that cigarettes are not addictive...are doomed if this all works out right. I hope it does. The Internet is too powerful to be stopped now.