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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 243.08-2.9%3:59 PM EST
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To: craig crawford who wrote (113961)1/2/2001 7:20:19 PM
From: GST  Read Replies (3) of 164684
 
Craig: I am reflecting on the uncertainty faced by AG. The NAPM data this morning says recession is increasingly likely. AG will react. But is it an emergency if stocks go down from here? No, I cannot see AG being unduly concerned about current stock prices -- they are still high. The market is looking for emergency relief -- and the market is likely to be disappointed. The S&P can drop anther 10-20% from here and there would still be nothing you could call an "emergency". The problem is not that I want to have it both ways - the problem is that the bulls want it both ways -- an emergency response when the only "emergency" is the falling stock market. Will AG bail out investors at these prices? Why should he?
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