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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (573)	5/27/2000 12:50:00 AM
From: Gary Walker	Read Replies (1) \| Respond to of 57684

>>investing in industrial overcapacity....I haven't heard that the Internet is overbuilt or under-utilized yet. So what's your point? Are you saying that the collapse in internet stocks isn't happening? The Internet may be changing the way people work but the economics are the same. If a company cannot produce positive cash flow it's going broke. It doesn't matter what the business is. The Japanese stock market collapsed under the weight of hyped stocks and reduced cash flow expectations. Sounds just like the NAS today and 1929. There is only one explanation for what's taken the Nas down 40% and that's raw and rabid speculation. No economic explanation is possible unless you think there's a depression on the horizon. There is no new economy just the same new world economy. That's what's driving productivity not all this crap about new productivity from technology. That's the biggest lie of all just like the one about AMZN driving all of the book sellers out of business.