Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 249.42

+0.4%

2:33 PM EST

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To: Glenn D. Rudolph who wrote (103688)	5/20/2000 2:53:00 PM
From: GST	of 164684

Glenn: <who decides> The collective "wisdom" and actions of millions of people - some more influential than others -- they decide, as always. If "nothing has changed" there is nothing to worry about. But things have changed. People are getting burned by their losses and that is knocking down the really reckless, aggressive types. They no longer play as big a role in the decision process. The interest rate environment has also changed. The supply/demand of "new economy stocks" has changed and the broader public is getting scared off. The pros see the writing on the wall -- bear market for the "new economy" and cautious optimism that stocks with earnings and low bankruptcy risk will at least survive if not flourish -- but at lower multiples for ALL stocks and crushing sell-offs in stocks with no earnings to multiply.

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