Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.06

-0.2%

2:03 PM EST

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To: schrodingers_cat who wrote (128878)	7/23/2001 6:18:38 PM
From: craig crawford	Read Replies (2) of 164684

there weren't excesses in the nineties to the same extent we have today. rate cuts didn't save the market in '29. rate cuts in the 70's didn't do much for stocks but the ensuing inflation touched off a firestorm in commodities. instead of the onus being on the bears to prove their point, how about you bulls explaining why stocks aren't acting well if economic conditions are set to improve due to rate cuts? maybe when everyone stops counting on rate cuts to save them and accepts that they have failed the market will bottom. rate cuts only work if you can convince people to take on more debt and spend like crazy. it is so obvious why that shouldn't happen. bailing out oversupply in chip companies and fiber companies and loser biz models like amzn is the LAST place lending should be going. and that is why you don't see tech companies recovering much. industries that have been largely ignored over the last decade or two should be where the money flows. agriculuture, mining, energy exploration, etc.

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