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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%3:59 PM EST
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To: Bill Harmond who wrote (100439)4/13/2000 6:39:00 PM
From: Eric Wells  Read Replies (2) of 164684
 
William - I wish neither you nor anyone who is long any ill-will.

However, I don't think you can justifiably generalize the malicious content of certain posts as representing the opinions of all bears.

You and I disagree on many aspects of valuing stocks. And believe it or not, even with the decline of the past two weeks, I still think there are many stocks that have prices that are too high.

Do I want the market to continue to come down? Yes. Do I want you to lose money? No. However, if the market comes down more, you will lose money. So, my desires are at odds with one another.

Why should I want the market to come down? Because I think the excessive returns that investors have obtained over the past two to three years have had and will continue to have a negative impact on our economy. You may disagree - the economy is steaming ahead after all. But I can't help but view our economy as one would view a crack addict - life is absolutely wonderful as long as there is cocaine to be had - but once the drug runs out, things become hellish. The analysts and pundits that have been boosting this market have been reinforcing the idea that "easy money" is a reality, a reality that will never go away...

-Eric
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