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To: Destro

Bill Fleckenstein is a drooling imbecile, and if he said the sun rose in the East, I'd check it first. A few years back, he trashed a stock I owned ("their business is just going to go away."). When the owners of the company wrote a letter to Barron's explaining why their business wasn't going to "go away" (they make excimer lasers for semiconductor manufacture and have a 90%+ market share), Fleckenstein wrote a reply that revealed he knew nothing whatsoever about what they made. He called it a "light bulb." What a moran.


10 posted on 03/14/2005 9:44:35 AM PST by John Jorsett (email: mistersandiego yahoo.com (put the at sign in between those two))
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To: John Jorsett

Bottom line: people will always need a place to live. Conversely, people don't always NEED to buy internet stocks. So comparing the internet stock market bubble to a (speculative) housing bubble is apples/oranges.

If Fleckstein did his research, he'd see that naysayers like him were lamenting the "disasterous" housing bubbles of the 50's and 60's as well, saying stuff like: "the economy can't sustain the cost of a house going over $5,000."


26 posted on 03/14/2005 10:13:46 AM PST by sfrepub
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To: John Jorsett
"What a moran."

MORAN-That's a REALLY idiot congressman,not a BS'ing financial anal-yst...LOL..

101 posted on 03/14/2005 2:50:31 PM PST by litehaus
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