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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: schrodingers_cat who wrote (128518)7/18/2001 4:44:47 PM
From: GST  Read Replies (2) of 164684
 
Cat: I think the oil outlook is helpful in one sense -- but in another sense it is a warning sign -- it is warning of a spreading slowdown which is now increasingly likely to include US consumers as well as foreign economies. There is a domino effect and I am afraid their are more dominos falling every day. This has the potential to go on for another year. Lower interest rates will not necessarily stop the dominos from falling. This is not the normal pattern for recessions. It cannot be taken for granted that there is a recovery out there waiting to greet us in six months time. And as things get worse, the carnage can feed on itself.
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