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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (10751)	5/7/1998 10:17:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 27307

Bill, nice quote. I didn't notice that it was anything more than your own words until after I had read it and was going to say that you are absolutely right. Had you said it yourself, you would be right. However, this view does more to explain how we got to such extreme levels of valuation in the market than to justify further upside. Were we not experiencing such dramatic and positive change, we could not have the exuberance that brought us to these levels, but even in a "new era", value has to relate (eventually) to profits and risk. I think I'm preaching to the choir. Bob