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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (25975)	10/17/2000 6:26:44 PM
From: michel ciambra	Read Replies (2) \| Respond to of 27307

I do not agree. The market is in no danger of collapsing from here. Yes, AOL, YHOO and other OVERVALUED and OVERBOUGHT stocks are taking a licking, and yes that does depress the indices but by my reckoning, a 38.2% retracement from the highs is enough to build a positive picture going forward. Add to that a productivity picture that is still bright, a GDP that will still be in excess of 4% and little or no inflation. Yields on bonds are collapsing and will continue to while the nation pays back its debts through the budget surplus. The stories that will do well are no different tomorrow than they have been in the past. Companies that can produce revenues at a sustainably high growth rate will be recompensed. Those that do not will be killed. The days of the large caps as we know them are over. They are making way for a new breed. The surprise that is costing most investors is that it is not an internet revolution that is taking over. It is the infrastructure tools companies and data warehousing and storage stocks that will be the next Microsofts. Indeed, the final wave of this tempoary bear market will be when these large caps like MFST,INTC,ORCL and others get finally crushed as they did in 1990. But in case you havent noticed, this has already happened. So i see all this as very very healthy.