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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 218.62-1.8%12:43 PM EST

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To: GST who wrote (113389)12/25/2000 3:07:32 AM
From: Mark Fowler  Read Replies (2) of 164684
 
I thought this is a classic,

HEADS IN THE SAND...Wall Street experts have ignored all the traditional signs of
trouble. They ignored a tripling in oil prices -- telling us that oil didn't play that big a role
anymore. We disagreed. One Wall Street analyst even complained this week that oil
prices had "sabotaged" his bullish forecast for the market. Wall Street dismissed the
inverted yield curve earlier in the year -- claiming it was an aberration due to the
government's buyback program. We disagreed. They ignored a 50% plunge in the
Nasdaq -- telling us it was just a valuation correction. We disagreed with that, too.
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