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To: ild who wrote (109520)	6/20/2001 4:03:36 PM
From: Charles P. Hubbard	Respond to of 436258

Thanks, I agree on the ridiculous valuation, but it will break sometime. I think all the losers in tech thought they would be safe in retail since all the talking heads keep telling how the consumer is holding up. When the consumer quits buying, the whole economy crumbles, so it is important for the powers that be to do everything in their power to keep us buying. Low interest rates, tax refunds, lies about future surpluses etc. It won't work for long, and the fallout will be really bad.