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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: Candle stick who wrote (2972)	4/14/1998 12:39:00 AM
From: BelowTheCrowd	Read Replies (2) of 164684

Huh? What's amazing is how few people in the press actually bother checking out the garbage they write about. Buffett did NOT say that the market is not overvalued. He said, essentially, that if everything remains as good as it is right now, the market can sustain its current levels. He also said that in the current environment it is VERY difficult to find any good values in the equity market. My interpretation of his words: It's not overvalued if the situation stays as perfect as it is right now, but it's also not cheap. And if the situation gets just a little less perfect (like if cheap Asian exports start biting key US industries), then all of a sudden it might be hard for the market to sustain these levels. And yes, his own buying pattern seems to indicate how he really feels. mg

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