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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (15586)	3/14/2001 6:26:32 PM
From: TobagoJack	Read Replies (1) \| Respond to of 19079

This is not my script. It is the script. Skimpy little 70-year old 2 bedroom house with only one bathroom in good middle class neighborhoods on East Bay of San Francisco go for $500k. Multiply that out by the number of neighborhoods across California, then multiply by any number you want to take the whole USA into account. Load that real estate with second mortgages, and then spread it around on the asset backed securities market, making sure the poison is spread evenly across the entire economic fabric, all in an environment of zero savings and falling equity prices, soon to be followed by much more defaults, downgrades, bankruptcies, and mass layoffs. <<Other sectors are down, but only because of the psychological dent of the techs, which were so badly overplayed.>> So far, and I do not recommend waiting around for KO to get revalued. <<Take a look at the railroads in the 1800's and how they crashed. Then look at the survivors and how well the did post bubble.>> This logic does not work for impatient Jay. I am smart enough to run when the logic is uncertain and the floor of the jungle is thumping. I am not, apparently, smart enough to pick the winners from the losers, at least not yet, and not necessary as yet. Chugs, Jay