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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (65846)	9/16/1998 11:18:00 PM
From: KM	Respond to of 176387

Thought ya'll might enjoy this. From Fleckenstein's site today: There was a really good article in the middle section of the Wall Street Journal, on "Dellionaires." It was interesting for two reasons. ÿÿ First, it demonstrates the unbridled hubris surrounding many of people who have been involved with Dell (DELL). (In all fairness, Dell has been a monster success story, as have a handful of other technology companies like Microsoft (MSFT) and Cisco (CSCO). ) However, Dell investors have a certain passion that might be a little more rabid than the feelings of some others investors. Second, the article shows how stock market money leaks out into the real economy. You can see how wealth generated in the market has permeated through luxury goods and other things. That is the reason I believe that prospectively, the stock market decline is going to have such a tremendous impact on the economy. Unlike 1987, much of the economy is tied to the stock market, and while Dell is an extreme example, the point survives in general. The more people understand how the stock market really works and how it impacts the economy, the better they will handle the volatile shifts. The investment business is going to get a lot more complicated going forward (as it used to be, before this five-year patch). People are going to have to put some thought into their decisions, as all stocks are not going to go up.