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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.05

+2.9%

Jan 5 3:59 PM EST

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To: KeepItSimple who wrote (70748)	7/29/1999 11:54:00 PM
From: Glenn D. Rudolph	of 164684

Do you feel it is possible, at all, for the US stock market to go down 50% or more from its present levels, and not recover those losses for a period of 10 years? Is it even conceivable to you? Or is it something you consider so silly and implausable that you've never given it any serious thought? KIS, My opinion is no. There is too much money the baby boomers have set aside for retirement and there is nowhere else to place that money. Basically, it is a demographic issue. Secondly, the efficiency of our economy has increased tremendously during the last five years and that translates into a much larger GDP. I am referring to a time frame of the next ten years or so. The baby boomers will be spending their retirment after that. I can't project anything that far out. Glenn

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