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

To: Money Maker (MM) who wrote (19655)	10/2/1998 2:01:00 PM
From: RFF	Read Replies (1) \| Respond to of 164684

Wow, coming up on 300 point climb from the bottom. Still don't think we've seen the bottom of this market though. We'll see a pretty good profit recession over the next 6-12 months and everyone is still in denial. The analysts are still forecasting 11% profit growth next year for the S&P - bet it won't even end up being positive. This is just the begining of the qtr and mutual fund managers are looking to put money to work - using the 500 points sell off over the last 2 days to buy a little cheaper. This won't last long though. Just wait until mutual fund holders see their statements for this qtr - 20% fewer assets should cause a nice run of redemptions....