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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Mark Fowler who wrote (73496)	8/12/1999 9:11:00 PM
From: GST	Read Replies (1) of 164684

Mark: 7% for next week only takes two things -- a bad cpi and a bad ppi. The bad cpi is very possible -- that takes us to 6.5% and is partially anticipated. Most estimates are unrealistically low for the ppi -- but a bad number has been rumored so it would not be a total shock. On the other hand, a bad cpi takes us towards 7% because it is not expected and would be a real shock -- especially if combined with a bad ppi. Two bad numbers stand between us and a 7% bond yield -- that is all. Whatever the exact yield -- a bond above 6.5% will do significant damage. The upside is: two good numbers and we get a relief rally. Like I said, we will soon see.

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