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


To: Don Westermeyer who wrote (33107)1/6/1999 11:07:00 PM
From: KeepItSimple  Respond to of 164684
 
Something that nobody has discussed yet is the fact that at the last fed funds occurance, the fed DRAINED LIQUIDITY. For the first time since the surprise rate cut. Every single time, for the last three months, they have added liquidity.

That was just a warning shot across the bow, and everyone ignored it. The next time they'll have to bring out the nukes.

>Almost all the gains in the market have come from expanded credit and liquidity.



To: Don Westermeyer who wrote (33107)1/6/1999 11:56:00 PM
From: Randy Ellingson  Read Replies (2) | Respond to of 164684
 
Most of the tech stocks have about the same earnings than 1995 and even a poorer intermediate earnings growth outlook.

Maybe your point is obvious to others, but do have a few data points to back this up? What do you mean by "most of the tech stocks"? The big names that come to mind have definitely experienced PE expansion, but have also substantially increased their earnings.

Randy