To: westpacific who wrote (6373 ) 7/28/2001 11:49:24 PM From: Maurice Winn Read Replies (1) | Respond to of 74559 <Believe me, we wish the market and the leaders that got us here in the first place never even happened > WP, the dot.com bubble was created by the people who bought the shares. They should blame nobody but themselves. Just as I blame nobody but me for my silly decision that Globalstar would change their marketing strategy when it became obvious they would fail with their high-priced strategy and that they would do that before the arrival of the stock market crunch I had been expecting for a couple of years. I was wrong. It was my fault. Theoretically it was the management's fault, but investors are where the buck stops and it's our job to know what madness managers will get up to - including the Alan Green$pans of the world. NZ markets are NOT in massive valuation bubbles. Neither is the Nikkei [a more important centre of productivity]. The Dow is reasonably valued in a low interest rate environment at 22 P:E [more or less]. My part of the globe is going along just fine thanks. In fact, exports have been booming. New Zealand is going to lead the world out of the economic worries. NZ a small metaphysical economic powerhouse. I sit here at the margin and swing the world around at the tips of my fingers, a day in advance, by moving money, buying, selling and ranting! Jay comes swinging in not too many hours later. He too is working to stabilize the system and get it back onto a sound economic footing. There are swarms of us, all up-to-the-minute, unlike the old days before cyberspace. Hordes and hordes of investors adjusting and smoothing, speculating and investing. The economy is like Gulliver in Lilliput - monstrous, but tied down by thousands of tiny ropes and little people. Mqurice