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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 (7408)	6/4/2001 2:50:26 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57684

WE STILL HAD A DEPRESSION! Wow!!! Did we really? And we are still in it aren't we.... Those cars and radios and telephones and airplanes didn't change a thing, did they. Still stuck in that depression, quality of life never got any better, DJIA still stuck back where it was in the 30s. The fact is, China is deploying networks like crazy, they are leapfrogging old infrastructure technologies and they are buying from companies in the states. The Cable companies are buying infrastructure products that would allow them to deploy broadband to the home. Sweden is deploying FTTH in non-trivial numbers. Japan is deploying FTTH in non-trivial numbers. I am not saying that the economic changes will happen overnight and I am not saying that there isn't more economic violence on the way before we have recovery. But you seem to be fixated on the idea that someone can believe that technological advances can change the quality of our lives and not still believe that the markets are cyclical and that we just came off of an inflated high. It makes sense that the correction would be extreme and that many companies that were part of the mania would not make it. The correction is healthy (though painful) IMO. But I also believe that the next technology bull market will make the past mania look trivial. And meanwhile, I will continue to purchase precious metals on a regular basis, just like a started to last August, in anticipation of the bull market in commodities. Seems to me like you are hearing what you want to hear instead of actually reading the words that are written. Just another PGB.