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

AMZN 227.61

-2.0%

12:02 PM EST

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To: 16yearcycle who wrote (148036)	9/25/2002 7:15:33 AM
From: Oeconomicus	Read Replies (1) of 164684

Hard for me to see how you got that out of my chart Having not seen your chart, it's hard for me to see what it or your channels depict. It sounded to me as if you were suggesting there was an appropriate range for your Dow/Naz "multiple" based on the historical relationship. If your "channel" is drawn with the expectation of higher long-term returns on Naz stocks reducing the multiple over time, then fine. OTOH, if it is a fixed range as your discussion implied, then you have overlooked a material long-term reality. and I used them to determine periods of excess enthusiasm and depression. Which is it saying now?

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