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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (130990)	9/7/2001 6:41:20 PM
From: schrodingers_cat	Read Replies (1) of 164684

>several tech sectors are far below April's lows. Yes, even the companies whose business held up at first have fallen prey to the bear. It makes me wonder how long EBAY and IBM can hold. >Only lower oil prices can save the economy Oil doesn't look like it wants to go down. US stocks of gasoline have fallen over the last few weeks. Demand for gasoline and diesel has been surprisingly strong, despite the recession. OPEC seems firmly in charge of the market, for now. Natural gas has recently fallen steeply, which in particular should benefit the chemicals industry. I think everybody just has to be very patient and wait for the interest rate cuts to work, which should happen this winter. The NAPM manufacturing numbers looked good this week, maybe that is the first sign of a turnaround. >deficit spending I figure that the US will be running a real deficit (not just social security) by next spring.

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