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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (8603)	9/16/2000 1:13:22 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 10921

Wiil, I am not sure, to me a lot of assets have (and are going to) be written off in the recent IPO/VC mania. Massive assets write offs often precede economic slow downs. Zeev

To: willcousa who wrote (8603)	9/16/2000 2:48:06 PM
From: WTSherman	Respond to of 10921

<,i>The emerging surplus led to great venture spending and resulted in productivity gains which damped inflation< I'm not sure that I see the connection between growing budget surplus and venture spending. Rather, I think that you can look at the expansion of the money supply that has taken place over the last 10 years and see a connection between that, the stock market and venture spending. In a lot of ways the current economy is a house of cards. Everything looks good as long as expansion continues to take place. However, if you look at personal debt, corporate debt and market capitalization you see a very overextended and speculative environment. If the economy really burps the whole thing can start to implode. I believe that the full impact of higher oil prices is only now starting to be appreciated and felt. Its a cumulative effect rather than a one time punch. People are starting to realize that they don't have as much positive cash flow as they did a year ago, when winter comes and they start paying 2x or 3x as much for oil and gas its really going to hit home.