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

To: KeepItSimple who wrote (75651)	8/28/1999 1:18:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164687

He said everything on friday and the mkts reacted KIS. They may go down further on Monday but its not like this is new news. And it seemed to affect the dow but not really the techs. Some people were expecting 3 rate hikes this year anyway. I believe AG understands the magnitude of the internet and as such is having difficulty in determining when stocks are truly overvalued. People don't seem to remember that his irrational exhuberance speech was before the internet really came into view. We had some technology advancements then, mostly in software but that was it. I don't knwo what the Naz index was then but assuming late 1996 was pre-internet, and today post internet, a double on the Naz index in that time is not completely extreme.