Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.54

+0.2%

3:59 PM EST

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To: Bill Harmond who wrote (16944)	9/11/1998 9:47:00 PM
From: Oeconomicus	Read Replies (1) of 164684

You could have paid $5 or $3 for AOL in 1994. Yeah, yeah, yeah, and you could've bought Dell for some fraction of a penny, right? What does that have to do with anything? 1994 was a flat to down year (with a pretty good dip in the middle for the Nasdaq especially) that was followed by the biggest 3 1/2 year bull run ever. Earnings were growing strongly as was the economy. Now, earnings are falling, economies around the world are falling as will ours, and we have only just begun the bear market for large caps. The high flyers are the last to fall and the tulips like AMZN have much more ground to cover before they bottom.

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