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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Clam Clam who wrote ()	12/16/1999 2:10:00 AM
From: KeepItSimple	Read Replies (2) of 164684

I can't seem to figure this out. Let's say Microsoft makes a internut-like run over the next week and modestly doubles. That would give it a market cap of 1 trillion dollars, or in other words a very large percentage of our nations GDP. Yet their profits don't even come close to 1 percent of the GDP. Will anyone care? Since microsoft has never paid a dividend, an investor is not buying a "share" of microsoft's profits. At 1 trillion dollars, microsoft could never be purchased by another company on earth. So an investor can never hope to be bought out. What is left? Sell the shares to a greater fool for eternity? At such a valuation, wouldnt the masses stop and consider what they are doing? After stocks have completely disconnected from anything even remotely related to fundamentals, don't people realize this is nothing but a ponzi scheme? I've tried for months to understand how the average joe with even half a brain couldn't see what is happening. You know, there is a website called www.stockgeneration.com, based in the bahamas, that GUARANTEES everyone will double their money when you invest in their "virtual stock market." I read a story on the newswires a few weeks ago that interviewed the company and they were apparently taking in around 45 million a month from around the world. Could someone explain to me how that obvious ponzi scheme is ANY DIFFERENT than our current market conditions? What the HELL is going on? Is there ANY possible outcome other than the complete and utter destruction of our entire economic system? I'm being serious here. Any other endgame? I can't see it. (and let me add, i've been buying 30 point out of the money calls on internuts for the last 2 months and making a killing. never underestimate the stupidity of the average american, i guess)

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