Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark Fowler who wrote (113394)	12/25/2000 3:07:59 PM
From: GST	Read Replies (1) \| Respond to of 164684

Mark: Thanks for the "classic". You may remember that I spent a fair amount of time talking about the impact of oil on the economy. Oil prices are more highly correlated with economy growth than are interest rates. When oil did not come down, and when it was clear that bottlenecks in refining capacity and looming shortages in both natural gas and electrical production would all converge this fall, it seemed like one hell of a big sell signal on the new economy. I received more posts than I can count tell me that I was crazy to think that oil had any connection with the new economy -- I was called names like "chicken little" etc. Anybody who sold stocks in September has at least kept their capital in tact. I am fed up with people talking as if the "new economy" stocks are just taking a breather. We are due for a bear market rally, but it is just another selling opportunity. I will ride any updrafts as best I can, but I will be waiting for the giant flushing sound when the toilet bowl is once again full of crap. Good luck.