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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.10+2.5%Nov 24 3:59 PM EST

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To: tonyt who wrote (122786)4/3/2001 7:24:42 PM
From: Alomex  Read Replies (3) of 164684
 
America will never experiance '1929' again.

This comment alone is a good argument why it can happen again. People grow complacent, and then it hits them. Do you know that the banking regulations designed to avoid another 1929 were rolled back over the last five years? Do you know that last year the amount of stock on magin was near 1929 levels?

Do you know that the 1929 recession was compounded by the Fed taking a stupid stance on the face of all economic data, much as Bush insists on passing a tax cut on budget surplus that in all likelihood won't be there five years hence?

Will 1929 happen all over again in this slump? I say chances are right now 1 out 10....
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