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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: JavaGuy who wrote (15930)	1/22/2000 7:12:00 PM
From: James Thompson	Read Replies (3) \| Respond to of 19700

JavaGuy - I agree with your assessment of the article's author. Unfortunately, when I grabbed it from RB this morning I was in a hurry to leave and did not have a chance to read more than a few lines. I thought that it looked interesting enough to keep, but did not want to have to go back and look for it. These old-time brokers and money managers never fail to amaze me with their nostalgic yearning for the good old days. OK, I am one of the fools to which Paul refers. He is right, however. Some day the market will turn around and decline -- significantly -- it is as sure as I am typing this on my Gateway computer. It will happen. I can predict it. If I predict it every day one day I will be right and celebrated throughout the land as a great bear market forecaster. I was particularly interested in this statement made by Paul: "One thing that worries me: What happens when investors conclude that the Nasdaq and the Standard & Poor's 500 Index have also "stopped working?" Will they abandon stocks altogether?" You bet. When I am tired of earning 500% a year with CMGI, I will put my money back into a 2% savings account too. Lets examine why many of us are here in the first place -- investing and posting messages on the Internet. There are two primary reasons: 1) The Internet has made it simple for the individual investor to communicate with other investors, examine financial news, conduct research, sign up with brokers, buy and sell stocks. 2) Low-cost brokers. The above two events have made it possible for millions of people (worldwide) to invest billions of dollars never before available. These people (like me) would never invest in individual stocks because of the high cost of trading through a full-service broker. The amount of money that is now available is astronomical and continues to grow. What was created was what the market elitists like to call the "wealth effect," which is nothing more than the profits of stock market investing are available to the masses (I hate to use that term, but its true). Those who regret the wealth effect would prefer to find some way to reverse what has happened and turn the markets into an exclusive club again. I would appreciate comments. Jim