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To: Victor Lazlo who wrote (143553)	7/3/2002 2:17:05 AM
From: GST	Respond to of 164684

LOL

To: Victor Lazlo who wrote (143553)	7/3/2002 2:34:31 AM
From: GST	Read Replies (4) \| Respond to of 164684

thestreet.com <<In the 1920s the telephone and the automobile were comparable to the Internet and other life-altering technologies of the 1990s. In the 1980s, Japan's economic management theories were a version of the so-called New Economy theories that many investors would eagerly embrace as gospel. "Nonparticipants were punished via the opportunity cost of poor relative performance by not going along," he continued. But of course, "those who did not get out at the right time were punished -- and punished severely" in each of those equity market manias, Straszheim wrote. After peaking in 1929 at 381, the Dow took 25 years to get back to that level. Japan's Nikkei remains 73% below its peak of 38,915, reached on Dec. 29, 1989. The Comp entered today at 71% below its March 2000 peak, and of the three indices, it had the steepest spike in the final stage of its ascent. "Was the ride worth it?" Straszheim asked. "Only if you were smart enough to make it just a one-way ride.">>