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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (65361)	2/7/2001 11:07:11 AM
From: Les H	Respond to of 436258

Brocade, a value stock at P/E of 299, to replace SDLI in NDX.

To: Les H who wrote (65361)	2/7/2001 11:12:45 AM
From: AllansAlias	Read Replies (2) \| Respond to of 436258

Like pouring water on a hillside, it will run to the lowest points all the way along. In this sense, it matters not where the new money goes -- no doubt it will just find homes in the places where the faltering bubble needs it most. To me, this is part of the most salient feature of a late-stage bubble: capital no longer knows how to go to where it is needed to sensibly drive growth/profit. Rate cuts and easier credit punches spending, but on what? Factory upgrades and the like? Nope, a good chunk of it goes directly into the casino and then onto money heaven via wealth transfer. Narrowing yield spreads means they are getting money more easily, but I seriously question what the money is being used for.