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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 243.08-2.9%Nov 6 3:59 PM EST

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To: Glenn D. Rudolph who wrote (11217)7/22/1998 12:52:00 PM
From: Dwight E. Karlsen  Read Replies (1) of 164684
 
KENNEDY: ''Do you believe that there is going to be a marked contraction that is going to result in a substantial contraction of their portfolio.''

GREENSPAN: ''I think, ultimately yes. History tells us that there will be a correction of some significant dimension. But what it does not help you very much on is when. Indeed, history is strewn with periodic contractions of significant dimensions and I have no doubt that given what human nature is, that it's going to happen again and again and again. How individuals behave in that particular environment is not clear or necessarily forecastable.''

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