To: Richnorth who wrote (89072 ) 8/24/2002 10:29:02 PM From: E. Charters Read Replies (1) | Respond to of 116805 STP for an economy that has thrown a rod and blown a seal will only last until the peasants start to march in the streets, carrying torches and looking for the evil Doctor Econostein. Murikans have to face faks. They blew a few trillion spending vestment dollah on crap. Money done gone. Verybody poh now. Money scared. Retraction and contraction and bleak times will set in. Point is, if everybody last time out was that stupid that they would not know a working business model from a model airplane, the next round of VC crimes can be no less egregious and that has to hit home with the money. Once bit, not feed rabid doggie next time. We hope. So were does the money go? We hope it does not get parked in funds forever. Those crooks won't fund squat. You might as well go to the local bank for a business start up. In Canada the fragile infrastructure of street money small house underwriting and broker dealers is in tatters. Broker dealers pumped paper onto the streets like it was yesterday's garbage. High risk, next-thing-to-scam markets. (The very next.) 80% failure, just like normal business start up rates Now the few are fewer still. If anyone does small deals at all, they are hiding well. No more the full page ads for reg-s money offshore. No more the Internet 504 come ons. 504 and 505 rules are tempting. But approach a broker AFTER that and the phone will slam down so fast, it gives new meaning to nanosecond. (IBM should research these kind of switching times instead of trying to shrink silicon channels millimicrons.) The 505 is never all you need. And stock support is a necessity. The feds won't let you pay the going rate for that up front. Kondratieff's magic wave, which was harmonic of wheat harvest cycles and other natural effects was 35.6 years. Double that and you have the K long wave of the Elliott W set. Add that to 1929 and you have the year 2001. What's next? What can a poh governmint do these days? Well, I don't know either. Wait and see. What the investor can do is think real simple and practical. Think in terms of things that are sold everyday, people want and will make money. That is the whole equation. It ain't about biotech wonders and new waver marketing on the very limited channel we are chatting on now. That is just a typeface telefone. Business is all about what the whole of society needs and will do every day, not high tech hype. EC<:-}