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Technology Stocks : Dauphin Technology -- Ignore unavailable to you. Want to Upgrade?

To: Carolyn who wrote (155)	5/28/2000 4:45:00 AM
From: Puna	Respond to of 419

Read it and a bunch of others before and after. Like many threads these days people are a bit edgy, and for good reason. The Market made an incredible run-up in the past 6 months. Many people made fortunes, many lost fortunes-life savings and maybe their homes. I feel badly for those who, from either poor choices or bad luck, got hurt it the transition we are going through. We may never see a market run-up like that again. By all accounts, it seems that we are in for a much slower year ahead. Meanwhile this "New Economy" is turning world economics on its ear. This huge technological explosion has come on so fast--grown so large and complex, everyone from us investors to world governments are scrambling to assimilate and participate in this paradigm. Few have it right. Even Bill Gates has been caught in overwhelming nature of techno revolution. Tulips don't relate here, nothing does. There is no question this is very big and is transforming the socioeconomic fabric of the past 100 years into something so new and moving so fast, that the make up of that fabric has now become defunct and no longer applies. The problem is, what is the new fabric and how do we let go of a hundred years and more of social and economic norms and replace it in such a demandingly short time? On the home front, the Federal Treasury is flying blind with all of this. It was only last summer that the Treasury Chair openly acknowledged that Information Technology seemed to be having an affect on the US economy and may be going to be around for awhile and should be figured in. Now they, and all governments, have their hands full trying to grasp the massive import of what is happening. They must be very careful IMO with how they create the new socioeconomic fabric in these rapidly changing times. One or two blunders in succession by say, our US Treasury, could so upset the newly forming technoeconomic base as to send it reeling into a chaotic confusion. Moreover, that could possibly make the latest short term Market correction seem like the minor valuation adjustment that it is. Just some idle thoughts on a Saturday night, Puna