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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: GST who wrote (110317)	10/12/2000 4:03:15 PM
From: Danny	Read Replies (2) of 164684

GST, I agree we need to be cautious. Reading through my recent post, that is eseentially my main thought. But I disagree with the argument that we have seen any thing sustantially new today compared to, say, two days ago. I believe the 33-35 oil has been priced into the market. a soft landing has also been priced into the market. The only thing that has not completely been priced here is a recession. In my view, that's the major risk to this market. The recession I am talking about is for GDP to go to negative. As for war, this is more of a psych. blow to the market today. BTW, we are not making the new lows, although very very close to the May low. We both agree on being cautious. But I dont think bottom is far away from here. Specially, I expect we the Oct 1999 breakout area (2850 something) to be the rock bottom for NASDAQ this year, if things really get ugly.

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