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Dennis Holverstott wrote:
> >
>
> This tech thing may be a bubble or it may really be a fundamental
> change. Art Cashin on CNBC compared it to the railroad stocks in the
> 1800s. They went from being insignificant to dominating the market and
> it lasted for many years.
Dennis,
Yes, I enjoyed Cashin's Railroad analogy too. However, you omitted the end of his story which I thought was the best part. The
railroads did well in the 1870s, boomed in the 1880s, and most went bust in the 1890s. Oh my! I will be surprised if the same thing
dosen't happened to the Internet stocks.
Everyone know the song, "Buddy, Can You Spare A Dime"? "Once I built a railroad.......buiilt it strong,
buddy, can you spare a dime?" Or the new version, "Once I built a website, built it strong, hey man,
can you spare ten bucks for a cafe laite'?"
Trackingly,
Norman
>
>
> --
> Dennis
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