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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Dior who wrote (20200)	10/31/1997 3:56:00 PM
From: Johnathan C. Doe	Respond to of 61433

Ron, the new era theory could well be one of he most talked about theories after it proves to be BS. After the market corrects to levels still inflated but more reasonable, people will be thinking, "Oh course, it has always done this". New era people will be scatching their heads. Nothing is new under the sun, now where have we heard that from? A book that has more wisdom in it than the average stock investor. I am not saying that the market will stay at 6300. It will go back up on bargin hunting. The tech stock crash in the first part of this year occurred even though market conditions didn't support the crash. The market is irrational. The market might be as high as it can get under ideal economic and market expectations. Why isn't the market higher than 8500 today. We have had lower interest rates and a better market since it was there?