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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 237.94-2.6%2:59 PM EST
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To: H James Morris who wrote (134267)11/6/2001 1:05:40 PM
From: Skeeter Bug  Read Replies (2) of 164684
 
hj, that is macro thinking. the reason it works is that bad news tends to suppress pes relative to growth prospects.

there is plenty of bad news. however, all of it hasn't suppressed pes to historically low levels. that is a problem in my book.
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