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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (46216)	3/7/2000 2:59:00 PM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 94695

Well I have read your posts over the last few months and I would have to say you tend to see the glass as half full at all times <g> I personally would rather listen to Greenspan than the CEO of CSCO who runs a company trading at a valuation of 160 years profits on the hope that technology will never change and that the same process that allowed his company to take the lead, or MSFT to topple IBM or or or was just "an 80s thing". This bubble is a self fulfilling prophecy. When it pops, employees will watch thier paper only millionaire status evaporate and all they will be left with is the huge debt that they have run up over the last few years. As they sit there wondering "what the F&@# was I thinking when I paid 50K for a gas guzzling, environment destroying SUV when a few years ago I was protesting about save the whales, hugging trees etc" They will then march into their Boss' office and demand to be paid in real money since the car dealer, credit card companies and mortage companies don't accept worthless stock options. That is when inflation will really show it's ugly head. Of course the tech stocks will be the most hurt since most blue collar workers that work in those worthless DOW index companies already earn real money. Of course I am biased since I drive Geo Metro. It isn't pretty but I can still drive 400 miles and fill up for under 10 bucks. <ggg> AG is a genious and much more tolerant than I am. I would have raised the rate 75 basis points 15 minutes before the close Friday. He did the opposite to those of us that were short a couple years ago. What is good for the goose is good for the gander so I would like to see some payback, get this washout over with so we can start trading on value instead of pipe dreams again. The only way this is ever going to happen is to take away the toys of the idiots that have bid this worthless junk up in the first place. We need to pull the rug out from under the gamblers and put it back into the investors hands. It WILL happen one day but the trick is when. Anyway, I rant, back to the party, I wouldn't want to miss the last hour ramp up. <g> Do you realize that CNN only talked about the NASDAQ 5000 thing and never mentioned that teh DOW was down until almost two hours into the day. We only report good news I guess. Good Luck, Lee