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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.99-1.6%2:50 PM EST

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To: Mark Fowler who wrote (80886)10/15/1999 8:47:00 PM
From: GST  Read Replies (1) of 164684
 
Mark -- I totally reject the idea that the market reacted to higher rates today -- real or perceived. AG did not speak to the risk of higher rates. He spoke to the inherent risk of owning stock. Stocks are risky. There must be a risk premium. It is missing and must be put back into stock prices. Interest rates are NOT the issue, nor will increasing interest rates do anything to address the fundamental issue here.
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