Amazon.com, Inc. (AMZN) Message Board

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

AMZN 221.93

-0.3%

11:36 AM EST

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To: Bill Harmond who wrote (130865)	9/2/2001 8:52:56 PM
From: GST	Read Replies (2) of 164684

The war in Vietnam and the twin oil shocks all combined to produce a period of high inflation and low productivity growth -- a bad situation for stocks. In August of 1982 the market was pretty much washed out and ready for the bull that we rode until last year. The rape of the market in the name of the "new economy" could indeed be enough to destroy the good things accomplished earlier in the bull market. As for the use of the term "secular" -- your article uses it in a much watered down meaning of "enduring". As we have seen in the last year, there was nothing enduring about the illusory wealth created by trading worthless pieces of paper and calling it "investing in the new economy".

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