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.

Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (18265)	2/12/2000 10:26:00 AM
From: John Curtis	Respond to of 27311

Zeev: "we have a phenomenon where a lot of liquidity is competing for "assets", that has caused all valuations to go up tremendously..." I agree with that, but we've seen this type of thing before. If your memory goes back this far I'd ask you to tap your brain cells from a time-span starting roughly at 1977 or so, and going into the late '80's. Anyway, you probably recall...the same "money chasing..." was going on, only the item being chased wasn't equities...it was real estate. Indeed, I got my first sense of what money could do when, while in college, some buddies and I bought some row-houses in a "war zone" in inner Baltimore with a loan from one of their parents.....right near the harbor. They say timing, and luck, is everything. A couple of years after that the Rouse(spelling?) corporation(who built Faneil Hall in Boston) came in and revitilized the area. My buddies continued to buy in the area(B-more was their home area, so they knew it well), and the rest, for them....well....the rest is history. ;-) And now; the money is moving into equities because the majority of the investing community(read here, baby boomers), have reached that critical age where retirement begins to loom on the horizon, hence the focus on the market. Basically they're repeating the same generational pattern that went on with their fathers, and their fathers fathers, etc., probably back to the days we first came down out of the trees. At least, that's my theory for the hellacious flood of capital into mutual funds, etc.. Ohhh, and my prediction, generally speaking, is equities will "top out", just as real estate has, if only because there'll come a "draw down" time when folks are in full retirement "mode". As for attorneys.....well, let's just say I don't favor "Litigations "R" Us" as an economic slogan, although I can see their need in our rough-n-tumble capitalistic world. A world which clearly doesn't seem to favor the strong helping the weak as an operating rule of behavior. Uhhh...corporate law aside, heh! John~