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

To: Sarmad Y. Hermiz who wrote (121621)	3/25/2001 4:20:44 PM
From: GST	Read Replies (1) \| Respond to of 164684

Sarmad "If you saw the way people were throwing money at dotcom idiot gambling stocks, wouldn't you conclude that money was very cheap and of practically no value ? So obviously, there was a glut of savings" No, there was a glut of stock speculation -- no savings was taking place, it was all thought of as "money on the sidelines" and people poured that money into stocks. Now there is again "money on the sidelines" as people sell out of stocks and stand back from putting fresh cash into stocks. The questions is this -- and lets not dance around it Sarmad: Are people going to take their "savings" (money in savings accounts) and put that money back in the stock market or not? That is the only question here and now worth talking about. The assumption by the buy-stocks-no-matter-what crowd is that savings will again be liquidated and put back into the stock market. I don't agree. I also do not think AG is trying to encourage stock investment right now - but rather I think he is trying to keep the money on the sidelines as savings which is what he thinks it ought to be to maximize long term economic growth. I do not think that AG disappointed the stock market by accident -- I don't think he wants another bubble -- he wants a shift to 50/50 stocks and savings on the balance sheets of Americans personal finances.