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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Eric Wells who wrote (108192)	9/10/2000 7:49:00 PM
From: GST	Read Replies (2) of 164684

Eric: "And is there a high level of certainty that oil prices are going to go higher?" If you think this is what I am saying you clearly do not understand my posts. Energy prices at their current levels are the problem -- for most of this year the market has been expecting a drop in energy prices -- a drop that did not come. Now there is false hope that OPEC will act and energy prices will drop -- I have been making the case that this is not likely. I then make the case that energy prices have helped keep the bull alive for years -- and energy prices AT current levels or even a little lower are a very serious threat to the stock market as an investment class. Buy or sell as much of whatever you like, but goldilocks has contracted a serious illness. My message is not just "sell" although I think it would be prudent to be cautious right now -- my message is that oil has become a problem for the stock market -- don't underestimate how pervasive a problem it has become. Aside from interest rates and money supply, energy prices are absolutely fundamental in our economy -- and we all forget that at our own financial peril.

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