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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.37-0.9%Dec 3 3:59 PM EST

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To: umbro who wrote (16040)9/4/1998 3:46:00 AM
From: JBL  Read Replies (2) of 164684
 
I think trying to detect a bottom in this market is not possible, for what drives the Dow right now more than ever are non-US events.

The impact of one of the following could create another major sell-off :
- collapse of a major Japanese Bank
- Nikei index going under 14,000
- military take over in Russia
- currency devaluation in Venezuela
- congress refusing to fund IMF in October

The probability of one of these (or similar) events occurring in the next 2-3 months is, I am afraid, close to 1.

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