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

AMZN 230.27

-0.6%

Dec 11 3:59 PM EST

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To: GST who wrote (128309)	7/14/2001 11:38:57 AM
From: H James Morris	Read Replies (4) of 164684

> Denial is still the dominant thought process. Gst, maybe I'm in denial but here's what I call some bright spots. (1) Consumer spending keeps recession away. (2) Margin debt fell 2.3% in june after a 4.3% spike in May. (3) The total value of US stocks was little changed at $15.66 trillion, down $15.84 trillion in May. (4) Falling energy prices,lower interest rates and tax rebate checks are expected to lift the economy in the 2nd half of this year. (5) Yesterdays report showed wholesale prices had the biggest drop in more than 2 years. (6) The US will not bail out Argentina. Now the dull spot. (1)Small-business owners as a group expect the US economy to languish during the 2nd half of this year, with growth below potential, unemployment on the rise and inflation pressures muted. History shows small business owners are usually right.

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