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

To: GST who wrote (122256)	3/31/2001 10:02:17 AM
From: Sarmad Y. Hermiz	Read Replies (5) \| Respond to of 164684

>> There are implications for stock prices in this statement -- but it seems nobody on the thread has picked them up. << Oh, worry not. We've picked them up, alright! The implication is an explosion in stock prices. Especially the stupidest, most ignorant form of speculation in over-hyped stocks. Stocks like pcln bought by that Sheik of Araby. Didn't he drop $100 million on that one when it was 25 or 50 dollars a share ? I think he was the main man in Apple, also. And maybe Citicorp. And who is the largest share holder in Daimler, during its 50% haircut ? You guessed it. The rulers of Kuwait, with their billions of US dollars of oil sales. So yes. We know the implications. Several years of trade deficit dollars evaporated when the bubble burst. We need not worry about several hundred billion dollars. They went up in the smoke of Yahoo, amzn, ivil, isld, and whatever. These dollars are now back in the pockets of solid, upstanding American citizens and banks and brokerages and venture capitalists. Foreigners sold us physical assets like oil, copper, cars, etc.... And in return, they took dollars. With these dollars they bought stocks and escalated their price to the heavens. Then, the stocks imploded. Now we have the cars, and they have stock certificates in Yahoo. The only unknown is exactly how many dollars were brought back this way ? Maybe an economist who posts on this thread might know.