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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.50+0.1%Dec 26 3:59 PM EST
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To: KeepItSimple who wrote (74610)8/19/1999 2:58:00 AM
From: KeepItSimple  Read Replies (1) of 164684
 
From thestreet.com:

But Ronny Kraft, CEO of Gotham Capital Management notes "two-thirds of dollars are held by foreigners. If you want to play Japan, you need yen."

Thus, a weak dollar will entice Japanese investors to repatriate (Wall Street lingo), by selling U.S. stocks and bonds, that is.

Kraft was on the road today and thus unable to explain the bond market's rise in the face of the falling dollar. "Weird," he dubbed it, then summarily predicted, "the bond market is going to crack."
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