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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Susan Lynn who wrote (1025)	3/17/1999 8:19:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 3558

I direct you to: Message 8286151 "Today, though, CompUSA today looks more like a case study in how the Internet is changing retailing than as a viable investment candidate." Now we see why you are prejudiced against the Internet. The net is killing CPU's over-priced ocean of antiques. You don't understand that the bidding up of net stocks is an investment statement that in the future in our inflated society the effect of ongoing stagflation rewards the least cost supplier. In a recession with stagflation, the only source of entertainment people will be able to afford will come over the net. The world is going there to buy because the price is lower, lower than bricks and mortar can support. The form of inflation in this era is in industrial stocks and they are definitely in a bubble. They've been run up the flagpole with great expectations that they will be able to earn like they have in the past when things were all hunky macro-economically. The problem is that the net has taken their wind and exposed them for the 19th century frauds they always were. There just hasn't been anything else, so people had to buy the inflated product of these dinosaurs. Not any more. In recognition of this the institutions are bidding up what inevitably is going to happen: the mass movement away from physical shopping. Why not try some Peter Lynch on the local mall? For all the great economic times they aren't getting much action.