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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: jcky who wrote (11808)	1/28/2002 12:02:24 PM
From: MulhollandDrive	Respond to of 23786

Actually I did see the Dot.con piece on Frontline last week. And thought it was quite good. The remarkable thing was the interviews with the CEO's of MotherNature.com and Mortgage.com. The former having the willingness to accept that the cost of acquiring customers online was unsustainable (average cost of $70 to "acquire" for a $10 "sale") ....the latter being dissuaded by their underwriter CSFB in accepting a buyout from Quicken insisting that much more money was to be made in the IPO market. The CEO knew instinctively he had a good offer yet followed Credit Suisse's self serving advice. I was discussing last week in a private conversation that net worth declined for the first time in over 40 years in 2000 and I believe we will see a net decline for 2001 too. The retail investor has been fed the dogma that the equities market will revert to the best performing asset class, so "hold"....I think it will take a bit longer for the retail investor to understand that "holding" is the same as "buying" (remember "buy the dip"?). Complacency is still in the market, and the "holders" still hold, hoping for the recovery to materialize (assuming with that comes the "recovery" of their portfolios).