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To: Bill Harmond who wrote (120813)3/19/2001 12:00:30 AM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 164684
 
>> Caltrans is widening freeways here 24/7. The spending is in the billions.

I think most states are flush with money for roads, etc.... I also think there will be continuing demand for broadband and wireless. I just can't figure out why people are giving away their stocks at a huge loss. Of course GST will say they are not cheap at all.

I also can't figure out if stocks are just going down on momentum and margin calls. Or whether it will be a new era of lower multiples on lower earnings projections.



To: Bill Harmond who wrote (120813)3/19/2001 12:22:53 AM
From: GST  Read Replies (1) | Respond to of 164684
 
"The broad economy is doing really well" The broad economy is less directly subject to the tech bubble, but it has cooled considerably.


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