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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 221.24-0.6%Dec 17 3:59 PM EST

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To: H James Morris who wrote (128637)7/19/2001 8:27:58 PM
From: craig crawford  Read Replies (1) of 164684
 
the problem is people like william, mark, sarmad, etc think that when the "economy" bottoms, their tech stocks bottom. when i think of the economy bottoming, i think of basic materials and industrial companies. william, mark, sarmad, and others think their bloated pos bubble stocks are THE economy but they are sadly finding out that a different type of economy is set to re-emerge.

too bad everyone else is still stuck focused on the "new economy". the new economy may bottom in 2002, but stocks bottomed in 1932 and didn't make new highs until 1954. so bottom doesn't mean boom times or bubble, it means stock prices stagnate and your wealth is slowly eroded by a government which chooses to monetize the debt at your expense.

the way to protect yourself from a confiscatory government in the aftermath of a bubble where inflation adjusted returns on stocks are negative is to own hard assets.
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