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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: Glenn D. Rudolph who wrote (80803)10/15/1999 11:47:00 AM
From: Eric Wells  Read Replies (3) of 164684
 
Glenn - a few points:

>>but retail spending is slowing

If my memory serves me right, the increase in retail sales in Sept was lower than the increase in Aug - however, there was still an increase. And September's increase was impacted by a seasonal adjustment - and the Sept. increase still surpassed economist estimates.

>>the worst we should see is another 25 basis point increase

I think the Fed is open to raising as much as is necessary in order to reduce the risk of inflation - whether it be .25, .5 or 1.0. Every economic indicator that has come out in the past month has indicated inflation is on the rise.

>>AG's comments were the same things he has been saying for three years.

The fact that the market can suddenly focus in on something that a prominant public figure such as Greenspan has been saying for a long time means that either the market is not on solid footing, or that investors are finally starting to listen to what Greenspan is saying - or both.

I'm curious to know if you are heeding Greenspan's words - and employing a strategy that would protect you in the event of a panic sell-off.

Thanks,
-Eric
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