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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.41+0.6%Nov 7 9:30 AM EST

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To: Eric Wells who wrote (78238)9/23/1999 4:52:00 PM
From: dbblg  Read Replies (1) of 164684
 
Eric,

No argument there, but in all fairness the proposition put forward by some on this thread was very different than that. As I understood them, Robert and John et al were merely suggesting that in a time of severe technological change, it wouldn't be surprising to see very narrow breadth in the market.

For example, it certainly looks like businesses are being hit with increased costs (especially labor, but basic materials as well) which they are having an unusually hard time passing along to consumers. This is driving continued monster IT spending. Given this, is it surprising that most stocks have languished for the past year while techs have been on a rampage?
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