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

AMZN 249.14

+0.3%

Nov 11 3:59 PM EST

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To: Eric Wells who wrote (80794)	10/15/1999 11:30:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

On what are you basing your assumption that the bond will remain stable? I never stated the bond will remain stable. I stated it is currently relatively stable. There will be volatility in the bond going into the CPI numbers. Otherwise, the market is pretty much on the same course it had been for some time. It is a good market. There is always risk in the market. I never stated there was no risk. However, with proper stock picking, those stocks will do fine going forward. Also, the PPI did go up but retail spending is slowing and I base that on higher credit card interest rates. This being the case, the worst we should see is another 25 basis point increase and I believe the market has already discounted that. AG's comments were the same things he has been saying for three years. Glenn

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