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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.08-0.2%Dec 29 3:59 PM EST

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To: Glenn D. Rudolph who wrote (88292)12/22/1999 12:33:00 AM
From: dbblg  Read Replies (1) of 164684
 
>>The capital currently being wasted is a huge number in my opinion

Hi Glenn,

At risk of being flippant, I have always suspected that the Fed's biggest fear wrt to the equity markets is the potential for overinvestment and Japan-style overcapacity. I figure they are relieved that so much of the capital is being squandered on web companies...

Seriously, if all these B2B companies deliver on their promises, the deflationary pressure might become overwhelming. Somehow I'm not that worried. :)
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