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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.55-4.4%Nov 18 3:59 PM EST

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To: GST who wrote (100520)4/14/2000 1:18:00 AM
From: dbblg  Read Replies (2) of 164684
 
No problem. I was a little amazed by how quickly he found a university lecture on the topic; gotta love the web. -g-

I'm surprised by how much angst there seems to be right now (and let me emphasize that my net worth is getting pounded; for the first time in several years, I'm going through one of these things without a market-neutral portfolio). I've always taken it on faith that the price of investing in the Naz is a periodic 30+ percentage shakeout, with much more damage in the highfliers. We're getting there faster than normal, but the preceding runup was also more extreme than any I can remember.

I'm guessing the broader participation and the concomitant increased media attention as well as the ease with which people can check their portfolios and trade has intensified the emotional impact of all this. Massive margin debt probably isn't helping, but that's nothing new.

After all the "carnage", most of my favorite stocks (MRVC, SEBL, ITWO, for e.g.) have yet to take out their lows from this January. They don't make crashes like they used to, I guess.

The late day action looked an awful lot like a mutual fund getting skittish about its cash position, and that's never nice to see, but I gave up trying to game stuff like that after faking myself out several times.I'm still worried about the same old stuff I was worried about in Jan.--inflation, primarily.

What are your thoughts?
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