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

To: Joseph Colombo who wrote (42509)	4/7/1998 11:53:00 AM
From: Dennis R. Duke	Respond to of 61433

Look at the financials. Even the hot deal Citibank and Travelers are down from what I am hearing on CNBC right now. The *CNBC DOW 9000 hype* causes the average investor to worry about market valuation. It is the only thing the talking heads are working this morning. That will freak-out a market. "We have never seen market evaluations like this before...", being said by Ron En"sane"a right now. I would like to be able to say to his face, "and at one time we had never seen a man walk on the moon, and then we did". Things change!!! There is so much money going into this market that traditional metrics are meaningless, and they will continue to be until the baby boomers pull the plug. What will cause them to pull the plug, retirement, which is the reason they are putting it in. Back to Taxes for me. The above is just my opinion, Dennis