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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: Len who wrote (59753)	6/1/1999 10:08:00 PM
From: BGR	Read Replies (1) of 164684

The CPI will most probably go down, so that takes care of half the equation. As for the Fed raising rates, the market has already done the Fed's job (as it is supposed to, as the the Fed only sets a target and tries to maintain it by coupon passes and buys) and equity prices have already fallen. Hence a relief rally is possible from the depressed levels if the Fed hikes rates which has no material effect per se other than removing uncertainty, which the market hates more than anything. What if the Fed lowers? It won't, of course, because of its bias, but what if it does? I wonder ... I wonder ... :-)

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