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To: yard_man who wrote (93592)3/19/2004 4:35:38 PM
From: Perspective  Read Replies (1) | Respond to of 209892
 
Wow-think I see why AMZN started down. Anybody else look at the short interest there lately? It's been halved, from 55M shares back on 11/02 to just 26M now. Pretty amazing decline. Tells me that some of the cushion underneath this market is going away.

While stocks may not be terribly dear, they're certainly far from a valuation cushion.

BC