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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (60924)2/24/2002 12:49:03 PM
From: orkrious  Read Replies (2) | Respond to of 70976
The Dow has not fallen the way it did in 1973.

Not yet. It will. Regardless, the Dow is a index made up of just 30 companies where the weak are replaced by the strong. It's meaningless. It's also grossly overvalued now.

In case you haven't noticed, the society at large is experiencing nothing like the Great Depression.

And it likely won't. But it's going to get much worse than it is. Wait until the overleveraged consumers begin to cut back.

The economic recovery is at hand

No it's not. Things haven't begun to get bad.

These are times to manage money carefully

On that we are in complete agreement.

These are the times to realize Moore's law is alive and well

No question. However, that doesn't mean there are good investments in technology at these valuations.