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

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: Glenn D. Rudolph who wrote (70743)	7/29/1999 10:39:00 PM
From: GST	Read Replies (1) of 164684

BTW Glenn -- when Japan's market crashed it was not because the economy faltered -- it was because the economy was too strong and could not be held in check. That is how a bubble gets formed -- in great economic times because people just keep buying. Nor is the peak associated with an awareness of the predicament -- most just expect a bounce, a dip, a retest -- exactly the way it was in Japan. And they had 'new ways to value companies' in Japan -- they said in Japan its 'different'. The littles guys say 'I'll never sell' and most don't until it is too late. They all swore they would never sell, and then they all sold as the pain set in -- KIS has it exactly right with his Galbraith quote.

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