THREAD CLOSED!!! Ask Rande 5000+: USE NEW THREAD: Excellent read in this morning's WSJ (page A1, firt column):
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» Rande - Excellent read in this morning's WSJ (page A1, firt column):
Excellent read in this morning's WSJ (page A1, firt column): "Double Take -- Puzzled Investors Ask: Will the Real Economy Please Step Forward?...The Notion of Old vs. New Loses Potency as the Web Helps Obscure the Divide"Some excerpts:
Confused? Who wouldn't be? One day, investors lunge from Old Economy stocks to New Economy issues. The next day, the seesaw reverses.
The article speaks to the effect of higher oil and interest rates on Old vs. New. Don Listwin, executive VP of Cisco Systems says:
"We're in the business of delivering intellectual property: oil and interest aren't on the radar screen."
Cisco itself has no debt. In fact, companies trading on the tech-heavy Nasdaq had a collective debt load last year equivalent to just 16.6% of their market cap, well below the 85.2% average for the rest of the stock market....
Great piece.
-- posted by Rande
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