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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: schrodingers_cat who wrote (142159)	5/6/2002 3:43:48 PM
From: GST	Read Replies (1) of 164684

The next leg of the bear looks to be coming soon -- now. It appears that the wholesale movement by foreigners out of US dollar denominated financial assets -- stocks, bonds and the dollar itself -- has begun. As the dollar falls so too will our stocks and bonds -- foreigners will dump them on the market to preserve capital. AG cannot raise short term rates so long term rates will go up and the yield curve will steepen. The market is selling off in recognition of this reality IMO. Good luck.

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