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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (19296)	5/23/2000 11:45:00 PM
From: tahoe_bound	Read Replies (1) \| Respond to of 28311

Ron I agree I think if there is some much needed fear a la 1998 when the VIX was at 60 etc., things could improve. Who knows, this may be a blessing in disguise causing the Fed to stop dead in their tracks should things really get out of hand, which I unfortunately think there is a good probability of doing so. There may be a panic very soon here. I have not been saying that to be an alarmist, but everything I see and have experienced in the past along with gut instinct sure seems that way. For now, this is a valuation correction. A very big one. Those are usually much shorter lived than deep and scarring economic corrections, like Japan is still suffering from. Like your comments about a hybrid analysis paradigm. I would add to that a third component, sentiment. Right now, that is a negative, there is just too much complacency. Has been for quite some time. I would feel much better if there was an extreme selloff with sentiment measures off the charts, leading to a wall of worry comeback like in 1987. That would shake out a lot of the players who do not respect markets and history. Lets hope the earnings maintain a steady track. If there is a recession as a result of the Fed policy and a collapsing market earnings could really falter. Slow growth, equals slow corporate earnings. Wish we had crystal balls to see how much a slower growth environment would impact GNET. I know Charter is not insulated from higher interest rates, but how much is GNET insulated from a big economic slowdown? Perhaps the stocks are already discounting this in advance somewhat.