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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.380.0%12:06 PM EST

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To: H James Morris who wrote (114236)1/4/2001 1:59:10 PM
From: GST  Read Replies (2) of 164684
 
Before the rate cut the Fed was pumping tens of billions into the money supply -- I saw one estimate of over 35 billion the last month. I personally thought this was their move and they would liquify the markets to allow an orderly decline without a fast, sharp rate cut. These moves are more reminicent of situations in which there is somebody in serious trouble -- I can't see who, unless the banks started to face default pressure from large debts going bad -- telecom gets mentioned most often. I just don't know. I expect that if telecom is going sour, the best plays in the stock market will not be the JNPR's of the world. If there is another downleg -- and I think it could be soon, then it would most likely be from the surfacing of any of these problems -- and I know they are already surfaced to some degree -- the question remains, are the problems bigger than suspected.
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