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

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: Rob S. who wrote (14747)	8/27/1998 11:28:00 AM
From: Rob S.	Read Replies (1) of 164684

IBD reports that mutual funds cash flows have turned negative FOR THE FIRST TIME IN 8 YEARS! Money is flowing into money-market and some defensive funds. This is significant because the "small investor" was the saving factor in last OCT's dip and has cushioned dramatic sell-offs caused by institutional selling. "Mutual Funds' Net Outflow Is The First In Eight Years" investors.com <So far, the American and European public has, for the most part, simply throtled back on investing in stocks. We have had several years in which we have ridden the worldwide monetary expansion bubble with only momentary lapses. Even the downturn in '87 crash in the US was quickly absorbed by the world-wide expansion as companies turned increasingly to overseas markets as a means of growth and stabilty through diversification. The US and Europe now appear very strong as we ride on the bubble of the dropping cost of goods sold into the plush pockets of consumers. That could change rapidly.>

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