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

To: Hiram Walker who wrote (11630)	7/2/1998 5:25:00 PM
From: PaulM	Read Replies (1) \| Respond to of 27307

Hiram, nice post. You pretty much have the answers, but as to your question, "how will the net look coming out of the backside," I suspect computers will themselves be blamed for the slide. Think of the "computer driven sell orders" scapegoat in 1987. Nobody bothered to remember that computer driven BUY orders had something to do with the prior run-up, or that computers only do what the programmer would otherwise have done, just faster. I've also seen "Internet rumors" blamed for some small cap stock declines. Recently, Greenspan blamed the Asian crisis in part on the "speed" with which information travels from one part of the globe to the other. Another possibility is that the down turn--which is inevitable anyway--will be blamed on the Y2k problem. Technology is a great scapegoat because by and large people don't understand it. The short answer to your question, I suspect, and sad to say, is that the net will look much more regulated after the downturn. P.S. Using certain traditional valuation measures--like dividens or price to book--today's appetite for stocks SURPASSES the 20's.