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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%3:59 PM EST
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To: Glenn D. Rudolph who wrote (80703)10/15/1999 12:30:00 AM
From: GST  Read Replies (1) of 164684
 
Banks have concerns about spreads -- yes he was addressing banks -- agreed. And he did it by talking about risk, premiums, and human behavior i.e. bubbles and panics. He addressed the issue of technology and profits and bubbles and the way the market prices investments whose payoff is way out in the future (net stocks) which he described as most vulnerable to panic because these are the things that go so quickly from extreme over-valuation to being worthless -- do you honestly think he was talking solely about banks?
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