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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (42200)	1/4/1999 10:21:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 132070

Well, I recognized at the time that telling you about my education could be considered a sign of weakness. But I also thought that you might be too mature to hit my weak spot. So I gave you the benefit of the doubt.<g> I am sorry, but all I see you are saying is that the market is going to go up because it has gone up, and that people will buy today what went up yesterday, and buy tomorrow what went up today. Of course that is consistent with human nature, no one can deny it. The question is, how long can the prices continue to go up, and what happens when they don't? That was why I gave the example of the allowance that is a penny the first day, two pennies the second day, four pennies the third day, and so on. The original story was about grains of wheat on a chess board (64 squares). There is not enough grain on earth to put on the 64th square.

To: HG who wrote (42200)	1/5/1999 12:17:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

hg, i went over this reality perception thing last year when mu was roaring through 52 week highs while dram pricing was crashing. i was told perception was reality. reality whooped up on perception as lower prices turned into massive losses and a near 70% decrease in stock value. perception isn't reality. the problem with your argument, imho, is that perception doesn't even come close to matching reality quite frequently. now, perception can feed off of perception in a positive spiral - and it has been doing just that. hence, the higher net stock prices. however, over time, reality tends to influence perception. if there is a disconnect then your the positive perception spiral breaks down. your "never crash" theory doesn't address that the nets may never make serious money over the long run. THAT is the issue. not the hype. not whether the net is greater than the wheel. what is reinforced is perception. to a much, much lesser extent perception can impact reality. "the net is great b/c everyone says it is great, why don't i buy a book from amzn." problem is, the more books amzn sells the more they lose ;-) reality bites and, imho, it will eventually bite the nets. and hard. very hard. nobody will pay $10-50 billion for companies that don't make serious money forever. the other alternative is that my perception of reality is wrong. really wrong. time will tell. when reality starts biting at the heels of perception, i don't know. i think we have to be close. to be honest, i thought that at much lower values, so take that prediction toungue in cheek. >>Lets not compare degrees. I like to think I have more depth than that.<< it was you who stepped out of that "depth" and into the shallows to challenge cb's intellectual maturity (ad hominem attack - get personal and avoid the issue). now that you've had several serious degrees thrown at you, you are all of a sudden above what you started? Say what? and you don't think anybody notices? NOT! ;-)