Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JBL who wrote (22400)	10/21/1998 9:20:00 AM
From: OtherChap	Read Replies (3) \| Respond to of 164687

Cramer was just on CNBC disapointing me again. His basic gist "Yes, it looks like everything's been fixed in two weeks, the market is fine!" Oh well, AMZN gapping up 3 this morning. getting monotonous. For everyone still in this 'thing', just remember that the planetall and junglee insiders stopped selling their shares after friday. Someone convinced them that better things were to come. Of course those "better" things will be more manipulation and perhaps a 2:1 stock split, but there it is..

To: JBL who wrote (22400)	10/21/1998 10:59:00 AM
From: Bill Harmond	Read Replies (6) \| Respond to of 164687

>>reasoning for being bullish This crisis isn't a disaster for the US like it has been for wage-earners in ASEAN countries. There has been a global reordering of investment that favors the mature markets of the US and Europe because if the checks and balances in our economies. There is a premium on stability now. The Japanese market has bottomed and that will restore faith among Far Eastern countries. Their road back will take time because it will follow structural change in their way of doing business, but the wildfires are out. In the meantime, they are no competition for capital. That's good for us. A huge amount of investable capital has been created by the bond-market rally. The bond market is several times larger than the stock market, so the wealth effect is immense. Plus, the Federal Reserve is has the monetary spigot full-wide open. The US has abandoned the strong-dollar policy that was the straw that broke the back of smaller currencies abroad, and started this crisis to begin with. Earnings (for the S&P) will continue to slow throughout next year, but that slowdown is reflected in lower stock prices. The market is a discounting mechanism, so an abundance of capital will support stocks going forward. The high-growth high-PE stocks are in the best of all worlds, assuming the individual companies have been recognized by institutional investors. Interest rates are low (and staying low) so downstream earnings are worth more, and the market is obsessed about growth because its so hard to find.