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To: Prognosticator who wrote (39628)12/23/2000 1:35:57 AM
From: QwikSand  Read Replies (4) | Respond to of 64865
 
Well, I have one comment on twister's triumphal soliloquy, which is unlikely to be popular.

The tech bubble is over. Is there disagreement about that? Anybody think it's going to re-inflate and we're going to see $400 AMZN? I think a lot of people have gotten a bit of negative reinforcement over the past several weeks, and are due for a bit more. All of us "clowns with too much liquidity and CNBC access", who have gotten a little morsel of cheese each time we pressed the bar for the last five years, are now getting electric shocks instead and are likely to continue getting them for a while. The bar is going to become a bit less interesting.

I think one direct consequence of this (among many) is that SI isn't going to survive 2001 in anything like its present form. I have a paid-up "lifetime membership". SI's owner, content mega-conglomerate INSP, is going for $6 a share after falling 93%. Without a bubble, we can no longer be passed up the golden dotcom ladder to the next greater fool. You do the math. Where's SI funding coming from?

Fun while it lasted though.

--QS



To: Prognosticator who wrote (39628)12/23/2000 12:16:14 PM
From: cfimx  Read Replies (2) | Respond to of 64865
 
i'm not leaving proggy. the fun is just beggining. i HOPE this darn internet gets built out. that should help lvlt. btw, are you BEARISH OR BULLISH NOW? have u been hanging out with steve lee lately? <G>