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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (3495)	1/8/1999 12:30:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

You're right. There is no use in trying to justify moves like this. This has been the one piece of the whole equation that bothers me the most regarding this recent move. I don't think anyone would deny that the internet will have a huge impact on people around the world. Its impact, unlike the biotech runup from a couple of years ago, will be much more immediate. AMZN has become in a few short years the bookstore to the WORLD. So who knows what the landscape will look like in two years. It way over my head. The other interesting point that I think might have some bearing on this. I read a few weeks ago that the U.S. has roughly 300 internet companies (I believe they're referring to publicly traded companies) while all of Europe has 5! So maybe we're witnessing a triumph of U.S. ingenuity. Just a guess. Great trading! SO