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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 (80810)	10/16/1999 11:00:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

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 rate of increase is slowing. You are correct. If this continues, there will not be an increase. 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. The core CPI is ultimatly what counts. That has been good so far. Let's see. Glenn

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