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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.41+0.6%Nov 7 9:30 AM EST
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To: Skeeter Bug who wrote (119353)3/5/2001 2:52:37 PM
From: ChrisJP  Read Replies (1) of 164684
 
Hi Skeeter,

Any reason AMZN just spiked up ?

Ummmmm tech ain't the only kind of stocks to own. The NASDAQ may hit 1500 and go nowhere for 2 years until their valuation return to normal, but with low interest rates and a tax cut, non-tech S&P 500 will do well, IMO.

The S&P 500, including tech, has a PE of 22:1. Normal is about 18:1. At the height of the mania it was something like 33:1, so I'm told.

Regards,
Chris
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