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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.12+0.4%Jan 16 9:30 AM EST
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To: dclapp who wrote (85550)11/29/1999 1:27:00 AM
From: KeepItSimple  Read Replies (2) of 164684
 
>and be honest about these insane and temporary valuations.

You're forgetting one small fact- nearly every american that has two nickels to rub together is investing heavily in the stock market. They obviously dont think these levels are insane.

Of course, the answer is that the population is insane, so therefore insane valuations are to be expected.

Nobody ever went broke underestimating the intelligence of the average joe.

And there are more of them than you, so I would advise against shorting. As I've said many times before, this mania will not end until it DESTROYS our economy. I'm not talking a 20 percent correction, or even 80%. I'm talking Great Depression. Tough love and economic violence, to quote a poster on the MDA thread.
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