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

To: Mark Fowler who wrote (4989)	6/3/1998 11:27:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

Mark, thanks for the lesson in recent economic history. Unfortunately, the market discounts the future, not the past. Regards, Bob PS: I think I stole that line from a bull, but it works for me. :-) PPS: Speaking of stolen lines, the trend is your friend. Oh, and don't fight the tape.

To: Mark Fowler who wrote (4989)	6/3/1998 11:39:00 PM
From: Skeeter Bug	Respond to of 164684

vsluations s/b lowest at the peak of the cycle. they s/b highest at the trough. this is a bubble economy. we can't get much better and low multiples should discount the probability of getting worse.

To: Mark Fowler who wrote (4989)	6/4/1998 12:46:00 AM
From: tekgk	Read Replies (1) \| Respond to of 164684

For twelve months the growth in nominal gross domestic product has been 6.2 percent and, thanks to a Consumer Price Index that averaged exactly 0.0 percent, the real gross domestic product also grew 6.2 percent. Industrial output soared, up a whopping 11.5 percent during the last four quarters, yet did not set off inflation. With unemployment down to 3.8 percent, the prime rate steady at a relatively modest 5.8 percent (and is not likely to rise as long as inflation stays so low). The budget deficit is vanishing on its own and there may even be a surplus. You may think you've heard all those tantalizing numbers again and again in the last few weeks, but they're not what you think. Those statistics are from September, 1929, when the stock market was on the verge of a devastating crash. The subsequent bear market took 25 years to recover. Don't confuse economic performance with financial performance - it can be dangerous to your financial health. PS - you can check out my little quote at the St.Louis fed.

To: Mark Fowler who wrote (4989)	6/4/1998 12:49:00 AM
From: tekgk	Read Replies (1) \| Respond to of 164684

>> The US is the leader in just about everything in this world economy I guess this explains the trade deficit - Planes, software, processor chips yep - most everything else not even close.

To: Mark Fowler who wrote (4989)	6/4/1998 8:33:00 AM
From: Mark Myword	Read Replies (1) \| Respond to of 164684

>>Shame on this rag for printing such garbage. The real truth: The US is the leader in just about everything in this world economy << Mark - I would hardly call the Economist a "rag" - it's one of the best, most honest magazines out there , with a sterling reputation. If you're looking for rag-quality stuff , try the analyst's reports hyping Amazon and other Internet fantasies. BTW , if you read the articles carefully , they are about the absurd valuations in the STOCK MARKET , not the general health of the economy. Any idiot can see that the economy is rolling along quite nicely - it's the pumped-up stock prices they were attacking , and rightly so. Maybe they were trying to help a few potential suckers hang on to some of their money ?