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

AMZN 226.20

-1.8%

3:59 PM EST

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To: Gary Walker who wrote (31319)	12/27/1998 9:11:00 PM
From: tonyt	Read Replies (1) of 164684

>I wouldn't be surprised if Greenspan someday admits to making a mistake. >He may also make a plea for reason in the internet valuation markets. Why? If the internet 'bubble' does pop, it won't drag the entire market down with it. >Perhaps the fed will tighten margin requirements on the net stocks. Why only net stocks? The Fed is not in the 'business' of policing sectors. >Someday "valuation" will take over from blind speculation unless this market has >entered into the Twilight Zone. If it has then the Fed and Allan Greenspan have only >themselves to blame. How can you possibly blame the Fed for 'speculation' in net stocks. If anyone should be looked to as the 'cause', its the analysts who are supporting them, not the Fed.

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