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

AMZN 228.73

+0.9%

1:06 PM EST

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To: craig crawford who wrote (128879)	7/23/2001 6:41:10 PM
From: schrodingers_cat	Read Replies (1) of 164684

>there weren't excesses in the nineties to the same extent we have today. In the early 90s unemployment was higher and there was still a hangover from the savings and loan mess. The end of the cold war was producing downsizing in the defense industry. The US government's budget deficit was a major concern. rate cuts only work if you can convince people to take on more debt and spend like crazy. The US consumer seems to be doing just that. stocks aren't acting well... The Dow is basing and the Nasdaq is doing better than it has any right to, given the fundamentals for tech.

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