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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: NewKit who wrote (1937)11/2/1998 6:57:00 AM
From: LastShadow  Read Replies (5) | Respond to of 43080
 
Do I think the market is going to a new high?

Eventually. But the thing that concerns me is the robustness of the international economies more than anything else. There are both complex and simple issues and the solutions fall into the same category. But markets (and I don't just mean stock markets) tend to be self-regulating. The bond market will pick up when the economic growth does. The bond market didn't slow down and then made no money available to corporations, it happened in reverse order. Demand drives the supply. If everyone was screaming for expansion and capitalization money, what funds that are available would be priced higher. So we are a a logical point in the curve. Is this the absolute bottom for the year? I think so. Will we have another minor correction? Probably.

Will AMZN ever make a dollar selling books and CD's? No. But then that is not the commodity people want to own a share of. You cannot view the internet search engines, retailers and support players with the classic view of a corporation. That is a different model, and you miss the new paradigm.

So NewKit, it's my turn to ask you , or anyone that wants to share in this, a question: What makes the internet companies valuable?

Or put another way, their Share Price models are based on what asset?

lastshadow