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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%Dec 2 3:59 PM EST

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To: Bill Harmond who wrote (16011)9/3/1998 10:26:00 PM
From: Mark Fowler  Read Replies (2) of 164684
 
Another observation, the SPX's PE after the correction is still high on a historical valuation basis. Can the current economic environment still support these valuations? What if the S&P corrects to an 18 PE or below, then we still have quite a ways to go on the downside. The chart isn't quite up to date, but you can easily see where we were and where it could drop further. Take a look
marketgauge.com

This fund shorts the S&P crosses well above the 200 day MA:
quicken.excite.com

Same chart --5yr.

quicken.excite.com
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