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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%Dec 2 3:59 PM EST

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To: Sam Citron who wrote (98926)4/5/2000 1:00:00 AM
From: KeepItSimple  Read Replies (1) of 164684
 
>good chance of going down 50% this year and staying down for several years,

But you are forgetting.. The vast majority of investors in the market have never seen a market go down for more than ONE FRIGGIN DAY!

The idea of a market staying down for more than a few days, MAX, is something that people simply cannot fathom because it has never happened in their entire investing lifetime.

The only way they'll ever change is with a heaping helping of Tough Love and Economic Violence. That, and bankruptcy filings can't be a bad idea either.

BTW- today was the first day in 3 months that the fed refrained from injecting another 3-5 billion in "reserves" into our economy.. They know what's up, and they know what they're doing. They're basically keeping our economy from collapsing.

But the problem is that you cant keep printing money forever, or you have what's referred to as monetary devaluation. A loaf of bread ends up costing a wheelbarrow full of german marks in the weimar republic..

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