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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST

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To: Olu Emuleomo who wrote (61443)6/9/1999 7:47:00 PM
From: GST  Read Replies (3) of 164684
 
Olu -- what I heard and saw today was a lot of loud whistling as the graveyard draws near. Light volume -- including AMZN. No conviction. A bond yield above 6% and clearly positioned to go higher, and higher, and higher. I saw transports continuing to move down. But for the die hards in the tech stocks, until the data is in it is still possible to say 'all is well, this will all blow over in a week'. A bond yield that skips from 6 to 6.25 to 6.5 and which then shows every indication of going to 7% WILL go a long way to toppling this market. The tech stocks will simply become illiquid -- and especially the high flying favorites touted on this thread. Go AMZN -- drop like a rock.
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