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To: sea_biscuit who wrote (113875)	2/21/2002 7:03:21 PM
From: Maurice Winn	Respond to of 152472

The 'tidying up' is a market capitalisation issue, not a number of companies to be tidied issue. The bond markets have been adapting rapidly too. Out of a total global market capitalisation of umpty trillion, the Nasdaqian Dot.bombs and Telecosmic failures and techwrecks have lost nearly all their market capitalisation from the peak. Even if they carry on to zero [which plenty will do], that has almost no impact on the total market capitalisation and therefore almost no effect on the global economy. It's a story which is over bar the tears, shouting, lawsuits, mergers and acquisitions, a few price wars and other 'tidying up', market clearing or whatever you want to call it. Over the past year or two, hordes and hordes of people have taken their total losses, got jobs again [having retired], have moved on. They are not having to deal with the psychological trauma of sudden wealth syndrome and are getting over the subsequent sudden poverty syndrome. It's been two years since the wreck started. Mq