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

AMZN 229.10

-1.4%

Dec 4 3:59 PM EST

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To: GST who wrote (132567)	10/4/2001 6:22:54 PM
From: Oeconomicus	Read Replies (1) of 164684

"Polyannish"? I don't think one could reasonably call a prediction of higher job losses pollyannish just because it stops short of predicting HUGE ones. Besides, my optimism is not irrepressible - it took a decent hit a couple weeks ago. As for the market, it is WAY premature to call this the end or beginning of anything, bear or bull. In fact, if too many people start jumping back into the same old "usual suspects", driving the old "leaders" sharply upward and proclaiming a new bull market without decent hints that your dire predictions for the economy are completely wrong (more wrong than I'm suggesting), I'll be right back in the "thar's air left in that thar bubble" camp. There's a limit to how far the market should lead the economy before you suspect the buyers are simply nuts. That said, I've done pretty well with a handful of stocks in a bear market. Just happened to have a few that apparently aren't so economically sensitive as the Ciscos and Nortels and have financially viable business models. Luck, maybe. Not all have been winners so far, mind you, but you don't need a bull market in the indexes to make money. It helps, but it's not necessary. Bob

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