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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 3:59 PM EST
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To: GST who wrote (144747)8/5/2002 11:20:22 PM
From: Victor Lazlo  Read Replies (2) of 164684
 
"- but I think there is a large cross-section of the population that will look at the statements and feel disgusted. They pumped money into the market for the past five years and are right back where they started. "

Few people are really in that boat, GST. But they make the great headlines. The morons at Enron and WCOM who bet their lives on their co's fraudulent stock and when it soared, sold none, and then cried when it tanked.

Remember, much of the bubble was fueled by excess and margin buying that could have been curtailed by the Fed, and a small fraction of 401k money was only a snall part of it.

BUT, huge sums of 401k money stayed in bonds and MM funds throughout the 1990s and into this evening. Check archival data from Barrons and elsewhere. You'll see the data that prove my point.

And I worked for a major high tech co, and their 401k match was in cash, not stock. So don't fall for that phoney argument either from folks like Lizzie.
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