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Politics : Ask Michael Burke

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To: Ilaine who wrote (61206)	6/1/1999 7:51:00 PM
From: gnuman	Read Replies (2) of 132070

AOL could cause economic meltdown! (From AOL thread) <g> To give you all a little perspective. If AOL goes down below $100, can anyone tell me what would happen to all high PE stocks like EBAY,LCOS,YHOO,PCLN and AMZN? Their stocks will go on a free fall....margin calls will be forced...online broker sites will melt-down.....investors will loose billions...many will file bankruptcy......consumer spending will slow to a crawl...businesses will incur millions of losses due to lack of sales...earnings will drop.....layoffs will follow......unemployment will rise to double digits...and this precious economy will be in the toilet...... And I think he's serious. exchange2000.com

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