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

AMZN 239.00

-1.1%

3:56 PM EST

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To: fedhead who wrote (153609)	2/24/2003 7:22:58 PM
From: Lizzie Tudor	Read Replies (2) of 164685

We've had bubbles in the past that were not a result of loose monetary policies. Real estate on the west coast in the late 80s for example. I wish I could find the astronomical sum some set of investors once paid for boutique properties like Spyglass hill golf course or some marquis buildings in NYC in the late 80s. Besides this, it has been shown now that foreign money added in large part to the bubble too. Personally, I'm tired of this "its all Greenspan's fault" mantra, and I don't think the stock market bubble was all that bad anyway, in the general scheme of things. Reading SI you'd think we have another great depression on our hands. Just a typical restructuring and cleansing is all that is required, I can already see the benefits of this crash in the software companies, about 2 more years of rebuilding and we'll be back to normal in software I say.

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