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To: GROUND ZERO™ who wrote (4060)	3/15/2001 8:05:01 AM
From: robert b furman	Read Replies (1) \| Respond to of 4583

Knowing how much you like GreenZpan, He did say one great comment about a year ago. "At one time in the beginning of the railroad era - there were 6 different companies that ran between Boston and New York". Obviously the strong survive - that's what we're into now. I doubt most people expect how few of the strong there are out there. I share your viewpoint on the tech industry. Bob

To: GROUND ZERO™ who wrote (4060)	3/15/2001 8:56:11 AM
From: Real Man	Read Replies (1) \| Respond to of 4583

GZ, gold is not always in a bear market, just for the last 20 years. Japan has many great tech companies, but their market is still going south. The number of years... 1984 is when it was at 11500 last time before Yesterday. There are some bullish developments in gold. I think in the 5-year time frame gold will prove to be the greatest investment of the time. Basically, it's the supply-demand factor. Demand outpaces supply currently by 1500T per year (currently at 4000T). The rest (1500T) has to be loaned from the central banks and dumped into the market. There are some CB sales as well, but not enough to cover the supply-demand gap. What happened? 5 years of mine output are trapped in the short positions, that gold is gon, and now people (gold shorts) are protecting these shorts, but the physical supply of gold from the CB is subdued - so lease rates on the short term end were high recently. It's a matter of time before gold explodes, which I think is what's happening now. I'm afraid to stay out of that market.... Now, your uncle is printing at the speed of light - currently the money supply is expanding at 24% annually. I think that progress cannot be stopped, that the internet will change the world, and, being a physicist, I know a couple of other things that will be discovered at some point that will change the world as we know it. I also run a net Co, and hope to grab the market share while other net Cos go bust. But the PC boom is likely finished, and the bear market is going on with the realization of this that will eventually wipe out most of the gains in the NASDAQ. It has, already, but there will be more losses. Much more. The root to the NASDAQ bubble was the artificially inflated credit market, which has to clear excesses before we can make a progress further. Furthermore, I personally don't think fast progress as such has to be correlated with soaring stock prices. People's affection with stocks is. Maybe, Japan is now actually coming in investment range; I will invest in their stocks before I invest anything here. I do think our companies are just great, and that they are the leaders in the world. But their stock prices will continue to drop for a while.