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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%3:59 PM EST
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To: Eric Wells who wrote (109321)10/2/2000 2:01:37 PM
From: GST  Read Replies (1) of 164684
 
Eric: The banner for the new economy thread captures the depth and character of the approach of its creator -- the "new economy" in this view is synonymous with pure stock speculation and "diversifiation" is to be achieved by owning a "basket" of speculative stocks. In this view, the successful stock speculator is somebody who puts absolute belief in the "new economy", defined as stock speculation, above all else. This is close to a religious experience -- and those who openly question any aspect of this religion are branded (naysayers, asteroid paranoids, whatever). The new economy thread was an attempt to create a "perfect world" (ie, a moderated thread controlled by the high priest of speculation), from which disbelievers could be banished. The true test of a believer is to "buy the leaders" and never admit anything that casts any doubt in the minds of the "followers".
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