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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.25

-2.0%

Nov 12 3:59 PM EST

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To: H James Morris who wrote (114236)	1/4/2001 2:06:36 PM
From: Danny	Read Replies (3) of 164684

"This time its because of what's going on within America." Although in both 1998 and 2000, people worried about the recession in coming years. I dont think people dumped stocks like crazy in 1998 just because of Asia crisis. They dumped stocks because they saw the real impact on the US economy as well. From this perspective, I think 1998 and 2000 is very similar. Nothing has fundamentally changed in US economy. With Fed's aggressive move in place, I just can't see how stocks could drop to new low again. As to how high the market could go, I dont know. It will depend on how fast economy grows.

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