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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (9203)	2/13/2000 7:03:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

i basically agree with that...i think though that the market believes the techs are not beset with the pricing power problems of the 'old economy' stocks. in the sense that the latter have to absorb higher interest costs by becoming more productive, which will spur technology investments even in bad times. anyway, that's the reasoning that can be found among the myriad of rationalizations trying to justify these crazy prices...