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

AMZN 246.42

-0.4%

3:59 PM EST

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To: GST who wrote (135885)	12/17/2001 12:01:00 AM
From: Paul Merriwether	Read Replies (5) of 164684

<< Paul: The market has already priced-in a much bigger economic snapback than we are likely to get. Of course it can move up, but when you see Bill and Mark talk about Yahoo surging back to $200 per share is an example of jumping back into fantasy land. A correction here would be no surprise. A modest move up next year would be no surprise. But a 1000 percent return in Yahoo in the next year is absurdly delusional. >> GST Let me ask you for investment advice(caveat emptor and std. disclaimer etc. etc.). Where would _you_ park your money? ?Assume you can invest in any country, any security and any currency. You can go short or long(stocks or options). My opinion that the whole world sucks(as of 12/16/2001), and the US has the potential of sucking a little less. China would have been good, except that it's not a free market. Local and state governments subsidize their industry to keep jobs--resulting in absurdly low priced goods(and all kinds of distortions). China Mobile(CHL) and China Unicom(CHU) are money making machines, but even they are getting competition from China Telecom(at loss--but who cares???). You should see the prices of TV's next time you visit ShenZhen--absurd! Japan is in some kind of a death spiral--I am not that adventurous to jump in. I don't trust any market in socialist Europe. My money market yields truly pathetic but nominally positive returns(so I guess that would be your default answer, unless you are ready to push the point of a falling USD). I agree that USD will fall in the long term(but in the long term we are all dead). It's not my big worry--esp. because I expect to keep spending in USD... best pwm

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