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

To: 16yearcycle who wrote (98018)	3/31/2000 2:25:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>You are my favorite investor, HJ. Compared to who? >Good evening James, This is your Money Mail for Thursday, March 30. THE BUZZ AT THE BELL The flight of money out of tech stocks continued for the third straight day. The Nasdaq lost 186 points and the Dow, though up most of the day, closed down by 38 points. But experts are divided on why this is happening. Some argue that the move out of techs is simply end-of-quarter profit taking and the move into Old Economy stocks in recent days is bargain hunting. According to this view, the profit takers and the bargain hunters are not the same people: It's merely a coincidence that they're acting at the same time and, therefore, this is not a classic rotation. If that's true, techs could bounce back as we move into April. But other experts are betting that the move out of techs is the beginning of a larger correction that could result in a 20% drop from the recent high. (We're about half of the way there already.) Whichever it turns out to be, today's winning sectors look like the U.S. economy circa 1960: consumer goods, beverages, insurance, food and chemicals, to name a few.