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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.41+0.5%3:59 PM EST

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To: GST who wrote (64855)6/27/1999 11:33:00 PM
From: BGR  Read Replies (1) of 164684
 
GST,

I suspect that this market can handle 2 25 bp rate hikes (while money supply remains the same) w/o any problem. In fact, that's already in the market (which is why if the Fed hikes by 25 bp and switches bias to neutral there will be a huge rally). The third is dicey, but even that may bring the S&P down by no more than 5% IMO (witness the resilience of the S&P in the face of a steady growth of 65 bps in the long bond since April). I am very happy to note that you are no longer talking about 7 25 bps hikes <VBG>.

-BGR.
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