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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (117195)	4/13/1999 6:55:00 PM
From: Chuzzlewit	Read Replies (4) \| Respond to of 176387

Skeeter, if you are trying to suggest that the market is too high as a whole, I tend to agree with you. I have been nervous over the last four years. But I have come to appreciate certain issues. First, that "value" is an illusion. We live in an unprecedented economic environment. We have virtually no inflation, full employment, and massive amounts of money being fed into the market by baby-boomers. On the basis of demographics the money flow into the markets is expected to last another 10 years. Will they put their money into bonds paying 6%, or will they put their money into the large cap market? Asian economic problems have lead to a "flight to quality"; i.e., more investments in large cap names. We could see repatriation of funds if Asia continues to improve. The breadth of the market is very narrow. Smaller cap stocks are in a bear market in spite of ringing in faster earnings growth. But none of this is new. And the market continues to surge. Am I better off putting my funds in a bank, put them into corporate bonds, or let them ride in the market? I have quadrupled my worth over the last four years. But had I succumbed to my fears I would be up only around 26%. Am I nervous? You bet. Do I regret staying the course? No. Why? because I am heavily invested in the economic sectors that are experiencing economic growth. And I recognize that the old valuation metrics are inadequate in this environment. So we come back to the point that I started out making: if you are interested in investing in growth it is cheaper to do so in companies like Dell than the S&P500. TTFN, CTC