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

AMZN 244.41

+0.6%

Nov 7 3:59 PM EST

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To: H James Morris who wrote (92325)	1/27/2000 11:09:00 AM
From: KeepItSimple	Read Replies (4) of 164684

HJ, todays market is so manipulated it makes me sick. Greenspan was re-elected yesterday, and the market simply could not be allowed to go down after such an event. It would look like a no-confidence vote for greenspan. So what does the fed do to make sure a rally happens? They inject 8 billion dollars last night in overnight system repos- the largest amount since the days leading up to Y2k. Back then, the fed said they were injecting liquidity in order to prepare for a Y2k disaster. But today, they dont even make an attempt to explain it. They just print the money. The funny thing is- these fed repos are the most important thing that determines stock market direction, and yet CNBC has never reported a single repo. You have to read the newswires to find out when they do it. As long as the fed can print money at will to support the stock market, there is no use in shorting anything. You cant fight the fed- and the fed is going to do everything in its power to make sure the market stays up in an election year.

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