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 : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (44438)	12/31/2000 7:20:40 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

It is true that there are similarities between the dotcom bubble and the railroad bubble, etc. But not to throw the baby out with the bathwater, railroads DID bring about a major industrial leap in this country. As did automobiles and oil. We have experienced enormous prosperity in America as a result of these incredible innovations. And the development of the internet is perhaps mans greatest achievement toward unifying the world in our lifetimes. Dramatically increased productivity is the evidence. And that evidence is just now appearing in the U.S. in the larger industrial companies earnings. It may take several years to begin to show up in the bottom lines of foreign industrials. [Heard that before? I use repetition the same way your history teacher does] The biggest difference between your doomsday scenario and todays reality is that there was little fallout by the tech stock correction. Some funds went out of business. A few overly extended and overly hyped dotcoms went belly up. And some folks lost some money. That's about it. Hardly the set-up to a true doomsday scenario. If you want to worry about the near-term future of the economy in America, keep your eyes focused squarely on China. They hold a hand of cards even the FED fears. . . because they cannot easily control them. And if you wish to worry about whether there will be prosperity in the next 40 years or not, watch the FED. They hold the rest of the cards. Personally, I don't care to worry about our financial future. It is futile. I got all my worry out of my system for about 6 months after reading Howard Ruff back in the 70's. Ever since then, I have been an absolute BULL. . . .with no turning back. Rande Is