Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Victor Lazlo who wrote (128514)	7/18/2001 12:39:30 AM
From: GST	Read Replies (2) of 164684

I think the dollar is overbought. It is a "bubble" created in part by the allure of the US stock market. We are at a cross-roads that is hard to fathom -- continue to support and overvalued dollar to subsidize cheap imports or watch it fall and with it watch the tide turn in our stock market. Americans, bless them all, do not have a clue about how dependent we are on foreigners giving us their money in exchange for ours. We incur astronomical debts each year, called the current account deficit, and it is financed by foreign borrowing and by foreigners investing in our stocks. The day this stocks we will see Naz 1000 to 1500. And heaven help us if they do more than stop lending us money and actually ask for some of the old stuff back. Can't happen? Don't bet on it.

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