Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Official Guide To GOOFS -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (3396)	6/30/2001 9:21:25 PM
From: Maurice Winn	Respond to of 3539

<How's tricks in NZ?> Trickling away fine in Kiwiland thanks jfred. Older, wiser, poorer, balder, wrinklier, with less in the bank and less time to run. Well, I have waited 5 years for the jfred-inspired deflation to hit town and despite the Nasdaq trickling away, we are nowhere near a deflationary collapse with asset prices crumbling like dominoes as debt levels exceed asset values forcing a huge market clearing collapse. I didn't think that would happen, but didn't really know. I suppose there is still plenty of room for a crumble to happen, but it isn't going to be a sudden, one day or one week event as I originally worried. I bet very big that it wouldn't happen and things went really hunky-dory, including the market crunch which I'd expected for a couple of years. Globalstar was the problem [a marketing muck-up of world class and world-record proportions]. I'm still dreaming of Dow 16,000 [predicted for Feb2000 way back in 1995 along with 8000 for Feb 1998]. And that seems possible still. I don't know about Nasdaq 6000 given the extent of the mayhem and the fact that the dot.bomb wasn't just a glitch - it was a market fail which isn't coming back soon. But the internet is going to continue to expand to fill the world. Gonna be rich soon! [again] Mqurice