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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.49-0.9%12:49 PM EST

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To: GST who wrote (73936)8/15/1999 10:55:00 PM
From: Mark Fowler  Read Replies (1) of 164684
 
Mark: <Did you think the US will support the worlds economic imbalances
forever?> Actually, it seems like you believe this will go on forever. The
stock market depends on the strong dollar, trade deficit, low interest rate,
foreign investment inflow situation to just go on and on -- it can't. The
trade deficit and savings rate in the United States are unsustainable --
period. The question is not if this will trigger a reversal -- it is only a
question of when. I am not saying it is easy to know if we are at that
point -- I devote some effort to that topic. But we are either there or very
close. This is the achilles heel of the market -- and heaven help you if you
are on the wrong side of the trend. Maybe we have reached a pause in
the reversal -- maybe not. But the bull is more than tired -- the bull is
wounded and bleeding badly. You say the US will defend its interests --
but what is in the interest of the US? More of the same? Not likely. The
imbalances are real enough -- and they have a name -- the stock market. <<

The bull is wounded and bleeding badly --OK? Today i see Americans in the best shape ever, tired, but not wounded. You think that i think our trade imbalances can go on forever with a low savings rate, no it cannot! ANd hell who wants to save here when yields are so low and US taxes savings accts. i'm for paying off debts so i can spend more at walmart and Amzn etc. --OK? Gst no one knows if this is an inflection point for the US, but i do expect to see it slow down some and rest some, more like a soft landing in the US economy....
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