Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Gary Walker who wrote (20851)	10/8/1998 11:02:00 PM
From: Bill Harmond	Read Replies (1) of 164684

There is depression in the Far East, but I think the Western economies are mature and stable enought to escape that fate. That said, this stock slide is going to slow consumption here. This decline is a wake-up for folks with no savings plan other than the market...a clear reversal of fortune. Upscale-home and luxury-goods sales are already stalling. Capital spending has to slow now. Hello 1991. If we had an inventory bubble I'd say, "Hello 1974," but we don't.

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