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

AMZN 205.21

-0.9%

9:46 AM EST

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To: GST who wrote (132583)	10/6/2001 8:48:33 AM
From: Victor Lazlo	Read Replies (1) of 164687

GST my issue with unemployment is that when we do have a econ 'recovery' does anyone really believe LU is going to hire back 100k people, or the defunct dotcoms and high tech companies are going to come back to life and hire back three milion people, all at the realtively good salaries? Nope. those jobs are gone. kaput. Maybe the auto makers will eventually hire back all the people they've laid off but a lot of good high-paying jobs have vaporized, and I don't see them coming back. The other issue is lesser-gainful employment. That is anyone on significant bonus or commission as part of their pay are going to take a big hit this year and next. I know a number of people in the tech and finance industries who are either earning less this yr, or are working a lot harder to make the same money. I tend to agree that the market is not yet pricing in the potential unemployment problem, esp with respect to the impact of decreasing consumer activity.

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