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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 (2621)	2/6/2000 10:45:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 3543

now dale your sounding a little grumpeee -g- this volitility starting to get on your nerves. >>>If the world turns upside down, it would make sense to change one's perspective 180 degrees, no doubt.<<< Christoper Colombus was one of the great contrarians, the crowd was totally convinced that the world was flat, he anticipated the world upside down, changed his perspective and exploited it. Now shorting amazon, isn't that against your bull religion, i'm disapointed in you --- selling short the wave of the future -ggg- grumpier b

To: Dale Baker who wrote (2621)	2/6/2000 2:41:00 PM
From: Mad2	Read Replies (3) \| Respond to of 3543

The cover for the Bears Nursery Rhyme Fantasy Book? If the world turns upside down, it would make sense to change one's perspective 180 degrees, no doubt. Dale, for someone who normally takes the high road, I'm a bit surprised with your pointed and teasing remarks. Dale if you don't think it's prudent to understand where we have come from and to view the flip side of this phenominal bull run in the tech sector then post something of substance, rather than ridicule. Imagine for a moment investor mentality back in the early 80's, when things began to bottom. The forward movement occured simply because the market ran out of seller's, it certianly wasn't due to buying pressure. It also wasn't a time for optimism, rather the opposite. I would suggest that when the tech's peak (and they may have allready) it will be during a period of optimism and not the contrairian view, as it will have occured at a point when the investment dollars and money flow is peaking. Currently it's difficult to argue the bearish case given that money flows remains positive into retirement accounts, a view of long term rates trending downward coupled with a high dollar and substancial forigen investment. This coupled with record low unemployment and relatively tame inflation indicates that it has never been better here in the old USA......and how true a statement. Knowing that we didn't get here through the overstimulation of traditional segments of our economy, but rather through the high growth tech sector does help explain both the lack of inflation and lackluster performance of the shares of our smokestack industries........of course one should add to the pot the Asian flue that has helped depress world wide commodities, adding additional fuel to our consumer driven economy. Accepting the above as true isn't a reason for believing it will continue. In fact I perscribe to the view that unless the future can be brighter, I suggest it will dim a bit for those shinning internet and tech issues, some of which brokerages and investors believe will grow at rates of 50-75% per annum for the next 5 years, in fact whose current share prices require. Not the assumptions I want to justify the current price of stocks I hold. Mad2