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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Mark Fowler who wrote (141046)	3/29/2002 10:47:41 AM
From: H James Morris	Read Replies (1) of 164684

Markus, golds recent rally is no surprise to me. How long ago were we talking about the japanese trading yen for gold? >>But Wall Street's performance in the quarter also demonstrated investors' concerns about how the fruits of the economy's recovery will be distributed. The quarter's big winners included such stock sectors as trucking, hotels and auto parts, all of which posted double-digit gains. Meanwhile, many technology and telecommunications stock groups plunged anew, deepening 2001 losses. In the bond market, Treasury securities fell out of favor as market interest rates began to rise, reflecting a growing belief that Federal Reserve Chairman Alan Greenspan will be tightening credit by later this year. But higher-yielding corporate bonds, including "junk" issues, found eager buyers. In commodities markets, gold was a surprise, rallying above $300 an ounce thanks to a surge of buying by Japanese investors worried about their nation's banking system, analysts said. latimes.com

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