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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.08-0.2%Dec 29 3:59 PM EST
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To: Robert Rose who wrote (125283)5/19/2001 11:33:25 AM
From: H James Morris  Read Replies (2) of 164684
 
Rob, lets move on to the future. There's too many opportunities out there than to discuss the past.
Think of the past as a cancelled check. Once you've cashed it...it no longer has any value.
Right now I've built up quite a bit of my $cash in my IRA so right now I'm trying to figure out what to do with it.
Junk bonds have been on a roll...the recession seems to be over...The NYSE has 214 new highs and only 10 new lows.
The Fed has tossed more liquidity at our economy than it has at any economy in history. The cost of money has gone down nearly 40% this year alone and reserves have been pumped rapidly through the banking system.
What does that tell you? It tells me the Fed will do what ever it takes to get Investors back buying equities.
And as they say...anyone who tries to fight the fed is an idiot.:-)
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