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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 220.66+1.6%Nov 21 9:30 AM EST
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To: Bill Harmond who wrote (130874)9/3/2001 1:52:17 AM
From: GST  Read Replies (2) of 164684
 
The divergence in breadth signaled the engorging of the bubble. Tech stocks sucked up all the money flows -- you do understand the dynamics of a bubble I assume. Look at housing, autos and retailing -- all of which have been humming right along. Look at unemployment at record low levels. You have the whole thing backwards. There have been slow areas in manufacturing, but that is more likely due to the strength of the dollar and the resulting trade imbalance. The economic trouble we are having now is direct fallout for the assinine investment in internet-related fluff stocks, not the last call on a recession made in other parts of the economy. The only relation to the AD line is that the bubble it pointed towards.
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