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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Mark Fowler who wrote (80575)	10/14/1999 11:50:00 AM
From: Bill Harmond	Read Replies (1) of 164684

I don't think anyone knows where the inflation rate is, and that's the problem. The long bond's equilibrium is historically CPI + 4%. It may not be overdone, but I doubt the yield is in danger of running away. I'm not raising cash because of this.

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