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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%3:59 PM EST
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To: Tom D who wrote (76478)9/4/1999 11:56:00 AM
From: John Donahoe  Read Replies (1) of 164684
 
RE: --snippet--

That leaves the Fed more or less in the same bind it has been in all year; namely, having to justify rate increases at a time when, despite rapid growth and a tight labor market, there is little evidence that inflation is breaking out -- especially at the consumer level.

This is the essential fact from your NYT piece. The rest is hand wringing.

Remember the old saw Tom, a "bull market climbs a wall of worry".



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