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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: GST who wrote (64512)	6/24/1999 11:01:00 PM
From: BGR	Read Replies (1) of 164684

GST, I have to disagree on almost all the points you make. 1) Greenspan has made it quite clear that Spring cleaning is not in his mind and he is continually checking the data - which stubbornly refuses to be anything other than benign. (I mean, like, check the spin, the unemployment claim goes up, but doesn't go up enough. What!? A few days back there was talk of further labor market tightening!) 2) The Japanese do not want a weak dollar, period. 3) UK is dropping rates, have to - their largest trading partner, the EU is facing a recession and the sterling is too strong. They are also selling gold to indirectly weaken the sterling (the cash raised goes into buying other foreign currencies). So, gold is a goner for now. -BGR.

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