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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Robert Scott Diver who wrote (3427)	7/6/1998 9:36:00 PM
From: yard_man	Respond to of 8218

SI ate my first attempt at a response. Consumer spending is indeed driving the economy. Only problem is spending growth is outstripping income growth. That can continue for a while as long as "times are good" of course, but ... The jury is still out on whether we are measuring productivity gains correctly. I think these measures are a little over optimistic. Take some time to assess personally your own experience -- perhaps you'll reach the same conclusion, perhaps not? Buying assets at fire sale prices is usually a good thing. I've made a few profitable trades on SEA with the volatility myself, but loading up on assets when the world economy is sliding into recession may not be a good thing? What do you think? What are the limits to an IT led increase in productivity gains -- if you are convinced it is legitimate? Something to ponder. I worked for IBM for a while as a Co-op and salute their success. When I was there product cycles were far too slow. Now I understand things are different from those I keep in contact who still work there. Stock options and the like provide an incentive to CEOs and managers to do well, but in this current environment they also provide an incentive to provide, shall we say, a more rosy picture than comports with reality. Good luck.