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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: GST who wrote (108135)	9/9/2000 2:19:59 AM
From: Bill Harmond	Read Replies (2) of 164684

You're over the top, GST. We've all seen this movie before in 1973 and 1979. The world isn't ending. The soaring dollar is as big a problem as is the price of oil. Oil is priced in dollars so citizens and industries outside the US are taking a far greater hit during this recent rise than we are in the US. I hear the French are paying $4.75 for gasoline. Your Japan is in the same bind. We need a currency scare so the Fed knows it has gone as far as it can without upsetting world order. We had a currency failure at the end of the 1994-95 series of hikes (Mexico), and the 1997-98 hikes (the Far East). The US economy is the strongest in the world, hence will suffer least. Somebody else will crack first.

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