Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Archie Meeties who wrote (774)	6/8/2000 7:07:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

The new-economy economy isn't slowing along with the rest. Growth in the new economy companies isn't interest-rate sensitive because they are productivity-driven. In fact growth is accelerating for many. However, the stocks are sensitive to long-term because the discount factor changes, and importantly they are high-beta stocks which suffer badly during periods of lower liquidity. BTW, the kind of inflation we have (very mild) is ideal background for emerging growth stocks.