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

To: accountclosed who wrote (386)	12/30/1998 11:36:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 3543

8ths, teenies whatever. You still want them to trade so you don't have to realize gain for years.

To: accountclosed who wrote (386)	12/30/1998 11:42:00 PM
From: Tom C	Read Replies (4) \| Respond to of 3543

#2 May 18 1999 Following a turbulent first quarter (jan-mar) where Internet stock prices bounced up and down never experiencing a 40% drop in a week, and relatively stagnant stock prices (35% growth), April's earnings reports showed continued revenue growth, but still no profits. The market goes crazy again spurring higher Internet stock prices. Seventy percent of the chief executives in non Internet companies, with an eye towards their options, decide to get rid of brick and mortar facilities and sell on the net. The problem with this will become evident on May 18,1999. Millions of Americans are laid off. If you do not actually build a product, work for a delivery service or build web sites, you're out of a job. Oracle Corp. goes completely on-line eliminating it's entire sales force. WalMart closes all of it stores after opening it's web site. State governments sensing a loss in sales tax revenue quickly enact a series of laws making Internet access and e-purchase prohibitive for middle class consumers. The economy spirals in a downward direction. During the ensuing depression young entrepreneurs buy up broken down former stores on main street USA and put up web sites that flaunt convention, advertising their refusal to sell over the net. Wall Street and investors fall in love with the concept of people-to-people commerce. The "chic" nouveau riche web entrepreneurs insist on shaking hands to seal a purchase. Tom