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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (7086)	5/23/2001 12:03:14 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 57684

Do you know that at today's price Yahoo is up 15x in the past 4 1/2 years? That's after the mother of all cycles. I agree with you that the great benefits of disinflation that started in late 1981 are just about over. There is a new generation in the US forming households with all the attending demand. But productivity-enhancing technology will be all the more valuable during moderate inflation, and growth stocks do best during periods of moderate inflation. Add that together and it spells to me that productivity-enhancing growth stocks are the place to be.