Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: Glenn D. Rudolph who wrote (119680)	3/8/2001 1:16:32 AM
From: schrodingers_cat	Read Replies (1) of 164684

I don't really agree that Bezos is to blame for the rise and fall of AMZN. This is just the latest in a long line of speculative bubbles in financial markets. People buy these things and then think they are geniuses and "new economy gurus" when the prices rise. Then their neighbors want to get in on the action and the price goes up even more. Its just a fault in the free market system. You can't blame Bezos for trying to push up the price of the stock. Isn't that what management is supposed to do? And I'm not sure that Bezos could have stopped it even if he tried. He just told the crowd what they wanted to hear. And if he hadn't then he would have been replaced by somebody who "understood the new economy". Never underestimate the power of mass hysteria. And never get in the way of it in the market.

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