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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (66347)	7/5/1999 8:14:00 PM
From: KeepItSimple	Read Replies (5) \| Respond to of 164684

To anyone who was under the illusion that our stock market had any shred of financial fundamentals left, I present Annete from the AOL thread a few minutes ago: > :-) > Welcome to the World of the AOL Happy Dancers! Folks, this is a casino. No, that's too high-brow. The NASDAQ has become a high stakes church bingo match that's held every day, in every state, and every town. Greenspan is being held hostage by the market. If I were him, I would seriously (and I am not kidding) assume that if I did anything to stop the market mania, I might get rubbed out and replaced with someone who would keep the party going. After all, he's quite an old guy and could just pass on in his sleep if certain powers wanted it! The market, and nothing else, is keeping our economy afloat. Consumer saving has dropped below zero, consumer spending is at an all time high, and credit card debt is at an all time high as well. The only thing keeping the economy going is the wealth created through the stock market. Here's a question: some point to commodity prices and say "Look, no inflation." But my question to you is this: is there ANY government measured statistic that would EVER show inflation caused by a market bubble? Even if every stock listed on the NYSE and NASDAQ were to triple tomorrow morning, there isnt a government statistic that would show it. Not one. It would slip entirely under the radar. If EVERYONE is a millionaire, then a bottle of coca-cola costs 100 dollars. There's simply no way around it. Wealth is measured in relative terms, not absolute. But hey, the tequila is flowing, so I say ride EELN and YHOO and EBAY to the moon!! If these stocks continue to go up, there will soon be the problem of dropping in wealth relative to the rest of the population.. Asset inflation will become so great that only by investing in the most speculative internut names will people be able to buy a loaf of bread.. How this is any different than needing a wheelbarrel full of russian rubles to buy a loaf of bread, I'm still not sure.