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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%Dec 1 3:59 PM EST

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To: GST who wrote (49076)4/6/1999 8:47:00 AM
From: Sarmad Y. Hermiz  Read Replies (2) of 164684
 
G,

>> I have the feeling that most people think the market is driven by 401k money -- LOL.
<<

Back in October 1997 there was a lot of talk about how money from Asia was coming to the US. But it was going almost entirely into bonds. As you know, the stock market crashed while this influx was occurring. So how can you say that Asian money is propping up the stock market (except indirectly thru the bond market) ?

One more thing that may bring even more money into the US market is the talk that Japan may permit pension money to be invested outside Japan. If that occurs, then $ trillion might come to the US instead of flowing out. What do you think ?

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