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

AMZN 248.41

+1.6%

Nov 10 3:59 PM EST

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To: Glenn D. Rudolph who wrote (94135)	2/20/2000 4:32:00 PM
From: Mark Fowler	Read Replies (3) of 164684

Glenn competion is good and margin's grow lower because of it, nevertheless, this is good for the consumer. The internet is changing business and the economy by making available information that's usually more timely and accurate. Why the Fed wants to target the so-called "wealth effect" is beyond me----I don't believe in it. Most folks'investments are in retirement assets and thus do not effect spending and the majority of Americans have little wealth, but account for the bulk of everyday spending. Rate increases targeted at the phantom known as the "wealth effect" is like beating a dead horse (the majority of stocks) and only will be looked back on in the future as a mistake which could cost the government and the people much more to make up for the lost retirement savings. Think about it.

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