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Technology Stocks : Phoenix Technologies (PTEC) -- Ignore unavailable to you. Want to Upgrade?

To: Jules B. Garfunkel who wrote (2932)	11/24/1998 9:49:00 AM
From: John B. Dillon	Respond to of 3624

Jules, You are right, there is no justice or logic to investing at this time. This period reminds me of the real estate boom in the late 80's. People did not care about valuation they just bought. I know because I was one of them. I still have one property that is worth less than what I paid over 10 years ago. The quality stocks with good fundamentals will survive and do well, but sooner or later the stocks which are significantly overvalued by all historic measures will crash. I don't have a clue when that will be, but whenever it happens it isn't going to be pretty. jd