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

AMZN 248.41

+1.6%

Nov 10 3:59 PM EST

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To: H James Morris who wrote (119270)	3/4/2001 9:57:49 PM
From: ChrisJP	Read Replies (3) of 164684

All I can say is ... based on that story, we must be a lot closer to the bottom than we are to the top. A post I made in April, 2000. Message 13476375 IMO, after falling 3000 points, the NASDAQ has only 300 - 600 points to go. The S&P 500 -- wellll ... to return to normal PEs (16:1 - 18:1), needs to return to the 1000 - 1100 range. That may sound negative, but at least I think things will return to normal .. not below normal. In 1973 - 1974 people hated the stock market so much, stocks fell as earnings were rising. Of course, back then earnings weren't rising as fast as interest rates and real estate prices. So the stock market fell out of favor for several years. The good news .... when the rebound happens and the uptrend is restored ... there will be plenty of time to spot it and participate. Regards, Chris

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