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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.41+1.6%Nov 10 3:59 PM EST
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To: H James Morris who wrote (103626)5/19/2000 7:58:00 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
>> Have you noticed how many fat pigs are now leaner?

Let's not gloat. New economists read this thread, too, you know. Mustn't be impolite. I'm more interested in how much more fat there is to evaporate, if rationality were to return to the market. I don't know what the Nasdaq P/E is now, but my guess is that even if it were trimmed 50%, many stocks would still be over-priced. What bothers me is that the wheat is getting burned along with the chaff.
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