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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: JohnD who wrote (105775)	4/15/2000 5:32:00 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 1573958

JohnD, We have all felt that way at times. There are probably many million day traders who feel just like that. Straight crapshooters who lack real knowledge. All that money vaporising! Some was fake bubble money, but a lot was earned money and many of those people will turn away after this crash, and will have to work to pay debts back. That means there will be fewer dumbass day traders and less money in circulation and this means a more or less flat market for a while until the lessons learned are forgotten. One could say now we are skimming the froth off the market and soon we will reach the hot working fluid of earnings and the sinking will stop. How much more froth is there to skim? Beats me. Remove all the vaporcoms from all the indexes and see what is left.....would give some indication. Some companies may be overweighted in the indexes and thus accentuate the swings....maybe that is why the fearless leaders had them in there...the volatility attracted the suckers. As for AMD and other earners, well they will be better off that the vaporcoms, many of whom will soon be facing the great engulfment as the large devour the small in their weakened condition. Players with huge burn rates(flush rates?) who are praying that they will earn money soon will meet a Borg and get assimilated. Some will just cut their advertising burn rate to live within their earnings and hope they will settle down to a real living at a far smaller style with a lot fewer employees. The words "do you want fries with that" will enter the lexicon of former web page designers, vaporcom executives, and other denizens of the bubble world. Global commoditisation will continue. Paper based book publishing will fall prey to the e-boox of the world who publish from writer to reader with a small fee. Same for music(which is ahead of paper in this arena). Main street USA will lose more retail stores as big boxes take some share and e-tailers take even more. Towns will lose tax base as this happens and try to gouge the remaining brick and mortar stores..more will fail in a downtown Newark spiral as politicians never learn. The California model where taxes are limited will become the norm and cities will be forced to live within set limits no matter how the unions scream for more. I think we will see a biotech bubble coming along as the genome work bears fruit and many small biocos figure out how things work. The mundane and repetitive task of sequencing the human and other genomes will be ruled not to generate patentable stuff and only derivatives of the work that are truly creative will be patentable. So hundreds of biocos will sift the data base and try to make discoveries. There will be small ones that will creat and patent new discoveries and if you have their shares.....to the moon. Well, let us hope and see if the sun rises on Monday. Bill As they say we live in interesting times..