To: yard_man who wrote (263596 ) 10/13/2003 6:26:56 PM From: ild Respond to of 436258 Date: Mon Oct 13 2003 17:50 trotsky (tech stocks) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved many tech stocks have performed extremely well off their '02 lows. NT is nothing special actually...600% are nothing to be sneezed at, but pale compared to many other penny stocks performances. even AMZN went up by 1,000%. the absolute star performers were the Chinese i-nut stocks. for instance, NTES advanced by about 3,900% over a period of 12 months. there's a good reason why it's called the 'echo bubble'. note also, Nasdaq margin debt is now even higher than at the March 2000 top. this is probably the most relevant datum to consider, since it indicates that the echo bubble will eventually come crashing down in a similar manner as its big brother of the 90's. Date: Mon Oct 13 2003 18:15 trotsky (Pacifier) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved unfortunately those 'paragons of free trade' in Washington D.C. are too easily swayed by special interests and deeply flawed logic. economists of eminent stature, from Bastiat to Rothbard have proven over and over again ( for almost 200 years actually... ) that truly free trade is in the best interest of all concerned. their proof is incontrovertible, and they even showed that opening one's borders unilaterally to an 'unfair trader' ( i.e. a trading partner who doesn't reciprocate ) ultimately benefits those who allowed trade to be free. nowadays, trade is generally less restricted than it was say 10 or 20 years ago - but it is far from 'free'. and the current bunch in charge has developed surprisingly strong protectionist tendencies, from steel to lumber to its latest victim, the Yuan ( read: everything that comes from China ) . shortsighted as ever, they don't realize that they hurt their own constituencies far more than the foreign traders they seek to outmaneuver.