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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%3:59 PM EST

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To: KeepItSimple who wrote (33102)1/7/1999 12:09:00 AM
From: Peter J Hudson  Read Replies (2) of 164684
 
KIS,

I agree with you about the valuation of AMZN, it's crazy. I also have lost money betting against it, but let's not get crazy. Average Americans having more equity in the stock market than their homes is a positive thing. A home is not an investment, it is a place to live. When this bubble bursts it will be an expensive education for many speculators, but average Americans are not driving internet mania, they are putting a fixed % of their earnings in a 401k each month.

It will all work out. Trust me.

Pete
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