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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: fedhead who wrote (79873)	10/6/1999 6:53:00 PM
From: Bill Harmond	Read Replies (3) of 164684

Money supply isn't growing fast enough to engender inflation, so I'm not concerned with the move in gold. Bonds are another matter. But, considering that long-term rates are at near-record highs relative to inflation, I think the stock market is correctly betting that long rates probably have seen their peaks.

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