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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: Rob S. who wrote (36226)1/23/1999 2:37:00 PM
From: Stefan  Read Replies (2) of 164684
 
The rally might be running out of fuel. All the cash that run in to the market is slowly exhausted. Remember that in September lots of cash went in to the bonds and then the very same cash propelled the market to recovery in October and December. (Indecisive money managers - is this good for the market?)
In January rest of the cash sitting on the sideline went in and the year-end bonuses moved us to the new highs.
The question is where will the cash come from to move us higher?

There is a lot outstanding IRS bills to be paid. Knowing the mentality of today's market most people keep that money in stocks instead having it ready in their checking account.

The scary part of this mania is that a good economy can be turned in to a disaster not because of business excesses but because of paper speculation.

Just like in September there is no room for error. Any spark will ignite fire. Just look at IBM and INTC
Better then expected results and the stocks got hammered.

People be careful don't let the greed to blind you. Don't assume that what you have in your margin account today will be there tomorrow.
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