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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.28+1.3%3:59 PM EST
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To: Paul Merriwether who wrote (132708)10/9/2001 12:56:50 PM
From: Alomex  Read Replies (1) of 164684
 
The real estate bubble in Tokyo was fantastic(even now, ain't bad).). The wealth destroyed was just amazing.

Quite similar to the stock market bubble. The collapse of
NASDAQ and DJIA destroyed $5 to 10 trillion dollars.

Further, the Japanese govt. really messed up the 12 years of stimuli.

According to the most distinguished critic of Japanese stimuli packages (the economist Paul Krugman), the tax cut proposals from the Bush administration are equally hare-brained as those from Japan (read his opinion columns in the New York Times at nytimes.com No registration required)

Now, let me be very clear about this. I don't think the US is about to go in a Japan-like recession, all I'm pointing out is that things are not as different as one would like.

I agree with you, Nasdaq 100 is still way overvalued (too much junk in there).

The general Nasdaq index on the other hand, is starting to look attractive and I've said so here before.
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