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To: pater tenebrarum who wrote (34957)5/23/2000 8:40:00 PM
From: Lymond  Read Replies (1) | Respond to of 42523
 
i would argue that a true stress test for the system is highly likely to occur at some point.

That is the nature of things; the next big test is always around the corner <g>.

Agreed on all points, though in telecoms I would stress a distinction between the huge cash-flow rich companies (WCOM e.g.) and the smaller upstarts. All are expanding massively, but some are better equipped than others to withstand the ramifications of poor investment choices.