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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST

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To: GST who wrote (122228)3/30/2001 9:09:08 PM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
>> The trouble with bear markets is they last longer than anyone imagines possible --

Actually, many kinds of irrationality are lasting much longer than expected. For instance the amzn stock mania. Any non-delusional person could see was just a scam. Yet the mania phase of it lasted 2 years. At first many people said previous mania's lasted only 100 days. I think that was the length of the tulip craze. Yet on and on it went. The tech stock/nasdaq bubble went on for a couple of years. So quite likely this down phase could go for a couple of years, also. After all, look at the trade deficit. You've been telling us it will end badly. Yet it keeps going its merry way, and only the people betting against it are doing badly. So its a trading market.

By the way. Here is an island of sanity in this tech wreck. My favorite stock. A tech stock doubling since January.

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