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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%3:59 PM EST

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To: Bill Harmond who wrote (110807)10/19/2000 12:59:05 PM
From: GST  Read Replies (2) of 164684
 
William "More money has been (and continues) coming into the stock market than going out."

I don't know about redemptions -- I have heard there have bee negative flows lately -- of course it is irrelevant anyway. Markets can and do go down all the time with positive money flows. Just one other point -- about the two trillion dollars are market cap that got erased, where is it? Who has got that two trillion? Quite simply, nobody. It no longer exists. It went to money heaven. Two trillion dollars. I am not actively tracking it myself, but the business news guys say that margin debt is as high as ever. "Crap, where did I put that $2 trillion, I must have left it around here some place - where could it have gone?"
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