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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: Gary Walker who wrote (31537)12/29/1998 8:26:00 AM
From: tonyt  Read Replies (2) of 164684
 
>I don't agree with you on this. The brokers and analysts are just worker bees.

Yeah, right. They're just following 'orders'.

>The root cause of the bubble is the Federal Reserve Open Market Committee.

Now that I think about it, I did see Greenspan twisting CIBC's arm when they raised their target on AMZN from $150 to $400 just because 'it blew past our target' ;-)

Yep! that 1/4 pt reduction in rates is what did it! The increase in AMZN's target by 165% had no effect.
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