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

To: Glenn D. Rudolph who wrote (120707)	3/17/2001 5:01:05 PM
From: GST	Read Replies (2) \| Respond to of 164684

Glenn: I think Americans are infinitely better at wiping the slate clean -- bankruptcy, massive write downs and horrendous losses are something we would rather face up to sooner rather than later. This is very healthy. Stock prices were taking us into territory where, if allowed to go up any further last year, they held the potential to destroy our economy and take the rest of the world down as well. We are incredibly lucky as a people that the stupidity ended and prices came down. So I do not think it could happen here -- now that the BS is out of the balloon. But notice this: valuations are not low. We are out of the bubble and many, many stocks are still overpriced. There are few true "bargains" out there and many stocks -- including ones like yahoo -- have lots more downside risk. The encouraging thing is that most people are not in denial in my opinion -- some are, but fewer and fewer. I think we are out of the woods.