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

AMZN 235.08

+0.5%

2:11 PM EST

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To: fedhead who wrote (132341)	10/2/2001 9:31:28 AM
From: craig crawford	Read Replies (2) of 164684

>> 1. Easy monetary policy << 8 easings (9 after today) and no bottom in sight. >> 2. Stimulative fiscal policy << several months of this and no bottom in sight. >> 3. Technical indicators all pointing to an extremely oversold market << oversold often becomes even more oversold and in itself is not a good reason to bet on some huge rally. in fact we just relieved some of the oversold conditions this past week. >> 4. Uniformly bearish consensus. << perhaps emough for a temporary bounce, but sentiment is nowhere where it needs to be for a lasting bottom.

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