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

To: schrodingers_cat who wrote (143062)	6/17/2002 6:20:58 AM
From: GST	Read Replies (1) \| Respond to of 164684

Cat: Money is flowing out of the market like water. The current account deficit is now unsustainable and the dollar is falling. Foreigners hold a big chunk of our market and don't want the exchange loss on top of the share price loss. If options are expensed as compensation another 1/3 of tech company earning are wiped out. The recovery is not strong enough to ensure a profit rebound. Stocks are overpriced. We are headed down and there is nothing to turn this thing around. I don't think we will go to the basement -- in other words I think the Naz will hold 1000 and the s&p will hold 750. Other than that I don't see any sure things out there and there is very little buying interest. Good luck.