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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21666)	11/28/1998 9:13:00 AM
From: J. P.	Read Replies (2) \| Respond to of 50167

<Eye to the Keyhole: Internet-Stock Bubble Is Going to Explode; Will You Get Slimed? By Christopher Byron Special to TheStreet.com > Interesting, but worthless article in my view. It's very easy to write this kind of stuff, especially bearish articles written in a tone of certainty. What is difficult is making money. It seems like a lot of writers of these types of "bubble" articles don't have to live with the fear and greed and the sweat of watching thousands and thousands of dollars of their own capital being made or lost. If they had that experience, they would likely lose their certainty. Also, I don't really believe the author's thesis that this is a 'sucker's" rally. What a lot of the bubble theorists don't mention is that a lot of wealth is generated from new technologies that simply did not exist before, and are accounted for by ever increasing market capitalizations. The analogy could be you can catch one fish with a hook and line, but invent a net and one man can now catch 100 fish in the same time. I am more apt to believe counterpoints written by someone with money to lose, and without a short position as an "agenda".