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

To: Knighty Tin who wrote (54062)	3/31/1999 12:37:00 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 132070

Hi Mike. Lately, on many days, I feel I've fallen down the rabbit hole and am stuck in a surrealistic Alice-in-Wonderland InvestmentWorld. Yikes. Anyway, I bought yesterday's WSJ which has coverage of Monday's DOW closing above 10,000. I will be saving this one. They have a page one article - "If This Is A Bubble. It Sure Is Hard To Pop." The writer has bought into this "Technology is boosting productivity" crap. Technology is my Religion; MSFT is my Saviour. Now, check out this thinking: "...that just as it took decades to realize the promise of electricity to boost productivity, it has taken decades to realize the promise of computer technology - and that we may finally be figuring out how to do so. If so, the implications for the economic growth and for stock prices are huge. An increase in the pace of productivity of a half percentage point would amount to $45 billion a year worth of added goods and services for American workers and stockholders to share - without any extra effort. That's the equivalent of creating two new companies with sales comparable to Microsoft Corp.'s." $45 billion extra GDP. Notice he puts this in terms of 2 microsofts - something with a Price/Sales of 20-1 or 25-1. So, let's see - that should be another $1 Trillion of marketcap with two more MSFTs!!!!! Try GM - $45 billion is 15 weeks of sales. Sh*T, it takes 2 days for AOL to crank up $45 billion in marketcap! Everybody now Believes in the New PARADIGM, brother. God help us all (especially us put-holders - gggggg)

To: Knighty Tin who wrote (54062)	3/31/1999 1:02:00 PM
From: Skeeter Bug	Respond to of 132070

mike, what is the reason behind excluding real estate and financial assets from the inflation calc? tia... if i were looking to buy a home, i'd rather see eggs go up 20% than the house i wanted to buy....