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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (257)	12/26/1998 6:51:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 3543

>Check this out. It may seem a little weird at first, Be careful, you may win the contest by accident. When the astrologers start coming out of the woodwork saying they can predict the stock market, its definitely time to stuff cash under your mattress.

To: Janice Shell who wrote (257)	12/26/1998 10:10:00 PM
From: pat mudge	Respond to of 3543

I was only half joking about the phases of the moon. The other stuff is what I consider way too much information. Interesting article in today's LATimes with references to Schumpeter's "perennial gale of creative destruction." latimes.com; If you can't access it, let me know and I'll post. Towards the end, and germaine to our discussion, Petruno says: This week, America Online, one of the symbols of the Internet's rise as a major force in the U.S. economy and our individual lives, was chosen by Standard & Poor's Corp. to replace Venator--the old Woolworth company--in the blue-chip S&P 500 stock index. Out with the old, in with the new. Does America Online deserve the gigantic market value ($63 billion) investors have accorded it? Perhaps not. But the valuations of Internet stocks are less important, in the long run, than what they say about the American economy's continuous morphing into something different--and, we hope, better--than what was before. Pat