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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (37062)	12/3/2000 4:39:49 AM
From: Lee Lichterman III	Respond to of 42787

I agree with most points but the slowdown in Dot Bombs will be a slow effect. I believe it was Don over a year or two ago that pointed out that the Dot coms only employed a small number of people and that Brick and mortar still was responsible for the employment of the majority of America. Much of this latest economic boom was caused by the few wealthy feeling Dot commers buying expensive trucks, custom made expensive household furnishings and trying to keep up with the Jones' by being the first on their block to own the latest high tech gadgets. I mean we did fine without Palms, Blueberries etc before. Heck I recall when just getting an old binder style organizer was a god send but now I am showing my age. <gggggg> Anyway, the slowdown/elimination of dot com wealth will be a slow trickle down as the rest of industry is forced to slow with reduced demand and lower prices tus lower profit margins. Gauging this slow down will be difficult at best and I know I won't be able to figure it out. I recall when the IT companies were falling and I was playing a few of them. I was perplexed as earnings were still stellar yet the stock prices kept eroding. Sure enough, 9 months later the warnings started hitting. The market is effecient at times and so the most we can hope for is the pros to give hints where and when the slowdowns will occur and take the cues from them. I talked with a buddy in Kuwait doing work for McDonnell Douglas ( Now Boeing ) and busines is not slowing for foreign contracts from what he can see. Maybe things will find an equilibrium but for now all we can do is watch and make short term trades. Good Luck, Lee