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

AMZN 222.55

-4.4%

3:59 PM EST

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To: Mark Fowler who wrote (80920)	10/17/1999 11:45:00 PM
From: GST	Read Replies (2) of 164684

Mark: Time for some rethinking on the direction of the market. This is NOT about the PPI. This is NOT about the next fed meeting -- if it was we would be on you plan to test support. This is about taking the major averages and discounting them substantially from where they are now to reflect the inherent risk of owning stocks -- all stocks, any stock and the stratospheric ones in particular. GE trades at what, 40 times earnings. Lets take that as a belleweather. When GE is trading at 20 times earnings or thereabouts, then we can talk about building a base for a new advance.

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