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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Jay8088 who wrote (21888)	10/16/1998 11:44:00 AM
From: craig crawford	of 164684

>> But we could still get a enormous panic crash if Greenspan's skillful move fails. << Skillful? Puhleeeze. You give me the kind of power that Greenspan has, and I could have gotten the same result. He announced this surprise cut a day before expiration, after the market had rallied 700 points and was coming up on some key resistance. (8100-8150 on the Dow, 1055-1060 on the S&P). I'm wondering if he bought some futures last week before making his move. I think Greenspan is just embarassed that his own irrational exuberance marked the top in the market, him turning bullish at the top after telling us to damper expectations 2400 points lower. Now he is trying to prop up the market because he knows it is the single most important factor to our economic health.

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