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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.530.0%Dec 16 3:59 PM EST

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To: H James Morris who wrote (69152)7/23/1999 12:02:00 PM
From: 16yearcycle  Read Replies (1) of 164684
 
Uh, "wiping out 17 billion in market cap."
Hmmmm. Maybe they were talking about msft, but msft lost a lot more than that. Maybe they meant Gates, but Gates is down only about 10 billion.

I love these newspapers. Just this past week, there was a commentary republished everywhere it seems that said there hadn't been a significant market correction in 4 years. Of course last October, we had a correction of ~35% in the nasdaq, the 3rd worst since the 70's. The dow was down about 20%, the 3rd greates in about 20 years also.

This is why I have cnbc blocked. I'd much rather read what you guys have to say than see the bozos on cnbc.
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