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To: bela_ghoulashi who wrote (9748)	3/29/2000 7:38:00 PM
From: bela_ghoulashi	Respond to of 35685

Okay, well here's another one...bland likes to share good posts: Re: insights? strike_de (49/M/Munich, Germany) 3/29/00 2:00 pm mindless, my opinion is that this is just another shakeout. The biggest problem is margin, which I've been vociferously warning against since I first began posting, because it accentuates the downs as well as the ups. This correction will pass as others have done. The reality is that only 3% of the world's population is connected to the web, wireless handset sales increased from approx. 100m 3 years ago to almost half a billion annually today. The whole method of doing business is just beginning to change -- I write 'beginning' because it will take a long time for B2B, B2C and all the other fancy catch phrases to become all pervasive. I think most panic on this and other boards is being expressed by people who are margined up to the hilt. Otherwise, what does it matter if a portfolio which has risen by 100 % drops by 30 % ? My own portfolio rose by about 85 % and is up now 'only' 60 % (= down 30 % from its high), so as far as I'm concerned the 'miracle' is still alive and well. I don't expect a market melt down, for all the reasons I explained. We are just at the beginning of a series of multi-year technological miracles. The macro-economic outlook is equally positive on all fronts. But if you buy stocks with P/Es over 500 (allr, for example), and on margin, then you will get hit by a double whammy on even relatively small corrections. MMs realize this and are punishing short-term speculation. That's all it is. jmho, Strike This Is a Reply to: Msg 7757 b