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

AMZN 227.37

+0.3%

Dec 19 3:59 PM EST

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To: H James Morris who wrote (125006)	5/14/2001 10:55:30 AM
From: Slumdog	Read Replies (1) of 164684

>>No! I don't recall please tell me more.<< HJ, you are learning this from a Canadian, sheesh........ In December 1994, Orange County, California, filed for bankruptcy. The largest municipal bankruptcy in U.S. history occurred as a result of the investment strategy followed by its treasurer, Robert Citron. One month after the bankruptcy declaration, Citron testified that he relied almost exclusively on the advice of Merrill Lynch......... In July '93, Citron had confidently predicted that interest rates would not go up. In response to a question from an investment banker about how the value of his portfolio would be affected by a rate hike, his answer was that rates would not rise. When the investment banker asked Citron how he knew this, his response was " I am one of the largest investors in America. I know these things".

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