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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 238.06+0.2%11:18 AM EST

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To: 16yearcycle who wrote (122910)4/4/2001 2:54:30 PM
From: GST  Read Replies (1) of 164684
 
Gene: Good luck -- I assume you just want to get this over with, buy in and watch. Assuming the debt load of the telcoms does not put them "up against the wall", which is, of course, a real possibility, then perhaps it will be as you say. The market stopped trading on fundamentals for a few years and started to look for them again last spring -- but this winter the fundamentals vanished just as the market thought it was getting close to trading on fundamentals -- a market that wants to trade on fundamentals that it cannot find is without a compass. As I said, good luck. A rate cut Friday would make you our "market timer of the year" even if you don't apply for the award :)
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