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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: re3 who wrote (131312)9/16/2001 1:31:43 PM
From: GST  Read Replies (1) of 164684
 
Hi Ike: What this economy needs to get it going again is much lower stock prices. A fifty percent drop from here would really set us up for a major multi-year advance. Those who think it is patriotic to prop up prices have not learned the lessons of history. Propping-up prices locks you in limbo and prevents markets from self-correcting. Propping up stock prices creates economic grid-lock and prolongs and ultimately deepens recessions. If you want to make a two year recession last ten years or more, propping up stock prices is the way to do it. I hope that cooler heads prevail and that the selling is deep and immediate and that it continues until we can say with a straight face that stocks are "cheap". Then we can go about the process of rebuilding this economy.
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