Amazon.com, Inc. (AMZN) Message Board

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

AMZN 222.55

-1.6%

3:59 PM EST

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To: GST who wrote (62497)	6/14/1999 7:43:00 PM
From: BGR	Read Replies (1) of 164684

GST, Indeed. However, the question to ask is, why is there short covering and Japanese intervention? You may remember that the main thrust of all the bond bears has been that as the Japanese economy revives, Japan (largest foreign holder of US bonds I believe) will start to repatriate funds which will push the dollar down and the yield up. Well, guess what? The Japanese are not interested. They like the dollar where it is (let's not go into the why of it for now). That shoots a big hole the bears' position. And, it will be hard to argue that the US wants a weaker dollar in the face of trade deficits, so this is probably a synchronized move. Who would like to sell bonds when two major CBs are not encouraging it? -BGR.

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