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No such thing as a new economy.........market will teach a lot of Mr & Mrs
Joe Smith's out this very thing. Especially with the degree to which US is
leveraged.
When the wealthiestt country in the world cant pay for its consumption
. somethings astray........geez that sounds like the USSR a decade ago
Regards
Peter Karaguleski
Nam Et Ipsa Scientia Potestas Est
----- Original Message -----
From: "Gwenael Gautier" <ggautier@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, 11 March 2000 2:09
Subject: [RT] [Fwd: (BN ) Welcome to the End of Corporate Profits: Michael
Lewi]
> Currently everyone looks at Old vs New economy. Since markets rarely end
> up doing what has been widely thought it would (recent examples are post
> asia 98/99 recession, octobre 99 rate scare and y2k scare) I suspect we
> will have something else:
>
> Neither old nor New will win.
>
> Some Old will be eaten by New, some New will be eaten by Old.
>
> I suspect this year will be the year of the stock pickers with a skill
> in detecting in what way technology is going to affect the various
> business. Takes B2B for instance. Who is winning most Commerce One or
> GM? In mark cap Commerce One, but in profits, GM???
>
> In the end, there will be mostly surprises, that I bet.
>
> Gwenn
>
> PS: I forward a Michael Lewis article on Old vs New from todays
> Bloomberg.
>
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