Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Bill Harmond who wrote (151363)	1/6/2003 3:26:52 AM
From: GST	Read Replies (1) of 164684

Then I guess I'm an ass Bill, but at least I live in the real world and not in the world of fraudulent "new economy" Internet stock swindling. Remember that taboo word in your "new economy" speak -- valuation? In the long run, stocks prices gravitate towards fundamentals, and the fundamentals right now favor companies that are using China as their growth engine. We can debate aspects of it, but it is real. Your Internet-based "new economy" did not have any fundamentals to support absurd prices, and valuations have come down accordingly (although a strong case can be made that the deflating of the bubble is not over yet). A smart group of people suggested another kind of "new economy" based on productivity growth -- this bears no relation to the BS you spewed about companies like Yahoo and AMZN. Productivity growth was, is and will drive the economy. Productivity growth in China, along with the mobilization of resources, is creating vast investment opportunities. This is reflected in the $100 billion in FDI headed to China this year. Your "new economy" died an ugly death. Good ridden to it.

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