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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.500.0%3:59 PM EST

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To: Tom Kearney who wrote (91841)1/22/2000 12:22:00 AM
From: JBL  Read Replies (1) of 164684
 
Tom,

Irrational expectations and manic speculation is the problem.

An increasing number of unsophisticated investors are, without knowing it, taking enormous risks thanks to unscrupulous sell-side analysts, liberal accounting practices, and outright fraud.

History, experience and logic, tells me that this phenomenon is not sustainable. I've lived in SE-Asia for a few years, and I've seen many very confident (and smart) individuals fall flat on their face.

Microsoft is a great company, but it is not worth a half trillion dollars. ICGE is an interesting concept, but it's valuation shows that things are completely out of hand.
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