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

AMZN 234.37

+0.2%

Dec 2 3:59 PM EST

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To: Bill Harmond who wrote (20433)	10/7/1998 6:25:00 AM
From: Verkaylac	Read Replies (1) of 164684

fyi...the Japanese jiggle the Nikkei with government pension funds in order to create the illusion that the equity market loves what they do. I wouldn't be surprised if they don't buy S&P Futures as well to make people think that the Americans love their statements as well. IMHO, outright manipulation has become SOP in many of the world's markets. Certainly has been going on in Hong Kong. I wouldn't be surprised if US investment banks don't buy Futures in thin overnight Globex trading in order to try and support the bullish views of their strategists. In fact, I wouldn't be surprised even if certain "news" organizations aren't doing it as well. Sad thing is that this actually works. Unsophisticated investors now look at the Futures obsessively overnight (something that was not down at all even 2 or 3 years ago). And let's not forgot the manipulation from analysts who deliberately low-ball estimates so that companies can beat them. Illusion has become reality. Then again, this is the Age of Pure HYPE!

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