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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: Glenn D. Rudolph who wrote (123630)4/13/2001 12:04:01 AM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
>> I personally believe we are at the bottoming of the slowing process

It sure seems that way for now. Obviously the sentiment in the market is for no severe recession on the horizon. As long as the news keeps pointing in this direction, I think the rally will continue till the next news cycle. Which will be employment data and the Fed meeting in May. I don't expect earnings news to weigh negatively on prices. Everyone is expecting the worst, anyway. But news showing either negative consumer confidence or higher un-employment claims will stop and reverse this rally. I'm fully invested, but fully nervous also. The market is ripe for profit taking. I was expecting that for today. Surprised it went up.
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