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

AMZN 244.97

+2.4%

12:53 PM EST

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To: fedhead who wrote (58892)	5/27/1999 6:21:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 164685

>> Can't figure this market. Utilities go up. Oil is down, Gold is down, Cyclicals are down. That should mean there is not much prospect for inflation. If the tech selloff was propelled by an inflation scare shouldnn't the money start rotating into techs.. << How about let's make the question more interesting. If there is an inflation scare, it is most evident in labor wages and benefits. And how can a business reduce labor cost ? Employ technology. For instance in our area grocery stores now have self-checkout lanes where the customer does all the work. They have automated bottle and can return and refund. That of course uses electronic and mechanical technology. It has been my practice to buy computer technology shares on inflation-induced sell-off. It has always worked. The only hitch is you have to sell when the market is high so you can have money to buy when it drops. So if inflation is really coming, technology is the best (only ?) place to be. Deflation is what kills tech.

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