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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.69+0.1%Nov 19 3:59 PM EST
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To: Robert Rose who wrote (103328)5/12/2000 7:44:00 PM
From: GST  Read Replies (1) of 164684
 
Robert: <I'm inclined to think that two consecutive days of benign numbers, combined with the worst next week (.5% increase) already factored into the market, suggest that a bottom has or is being put in. Thus, an ok time to wade in for lt investments, as I did today.>

The real test is not the FOMC -- the market has factored in whatever happens there. No, the issue is what happens AFTER Tuesday. The CPI roiled the market -- how fitting that it comes out on the same day as the FOMC. What the CPI will do is tell us whether or not we need to factor in ANOTHER .50 basis points on top of whatever comes next Tuesday. The direction of the market hangs in the balance -- hence the buyers strike.
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