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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Paul V. who wrote (55803)	11/18/2001 3:18:28 PM
From: ratan lal	Read Replies (1) \| Respond to of 70976

Even if the Nas stays in a range, say 1000 to 2000, for many years (a lot more likely scenario than going to 1000 and flatlining), I'll still get steadily richer, as I go to 40% cash when the Nas is at 2000, and 40% margin when the Nas is at 1000.< Only one problem with that theory. Naz goes to 2000. you go to 40% cash; Naz keeps going up, say to 3000; you cant take it anymore and invest your 40% cash; THEN naz goes to 1000 and you are margined out.

To: Paul V. who wrote (55803)	11/18/2001 3:38:14 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

re: Greenspan stated what we still have 50% productivity growth to go in technology Yes, he has become a "New Economy" Believer. We'll see, in this recession, whether productivity gains are truly real, or just an artifact of the long economic expansion in the 1990s. We'll see, and then we have to decide whether we believe the government statistics. As an example: the Dell "just-in-time" manufacturing method, holding near-zero inventories of parts, not building the product until you've sold it (and, better yet, gotten paid), this is a big part of the NewEconomy efficiencies. Everyone was supposedly going to JIT. Yet, this method is dependant on a flawlessly-operating global transportation system. Close down the nation's airports for a few days, and thousands of execs are saying in meetings, "gee, guys, I think maybe we need to hold a bit more inventory". More inventory = lower productivity.