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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%12:59 PM EST

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To: Bill Harmond who wrote (61599)6/10/1999 11:28:00 AM
From: Sonny Blue  Read Replies (3) of 164684
 
>>the bonds have just returned to pre-crisis yields<<

Exactly. Then should stocks return to pre-crisis level as well? Obviously not, so, where should they be? That's why a lot of money is on the sideline right now.

>>The Fed Funds futures have price in two 1/4-point tightenings. Where are the surprises? <<

How's about +3/4 point or more? The market looks out 6 months ahead. The Fed lowered rate 3 times last year and the stock market went up 80% from the bottom (NASDAQ). If the Fed raises rate 3 times from here, where should the stock market be?
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