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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 237.58-2.7%Nov 13 3:59 PM EST
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To: Don Westermeyer who wrote (2039)3/9/1998 11:57:00 AM
From: Oeconomicus  Read Replies (1) of 164684
 
or the realization (after several quarters of missed earnings) that earnings growth is declining

Or the realization that earnings themselves are declining, not just growth. Trailing 12 mos earnings on the S&P 500 is actually lower now than it was a week ago and that was lower than three weeks ago. This week, Barron's reports it at $39.89, down from $40.25 reported last week and $41.56 reported two weeks earlier.

Must be nice to be insane and making money rather than sane, cautious and confused.

Bob
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