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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Sara who wrote (66012)	7/2/1999 5:00:00 AM
From: GST	Read Replies (3) \| Respond to of 164684

Thanks David -- I try to remind the thread of three things: 1) The net stocks are highly sensitive to interest rates and liquidity. They need a very liquid market to move up in price (high rate of growth in money supply). The Fed controls global liquidity but others, especially Japan and hedge funds, also play a role. 2) Credit markets are global, and a focus on the US alone no longer tells you what you need to know about interest rates and liquidity. The appreciation of the dollar and excess global production capacity has played a big role in the US stock and bond markets -- this could be reversing. 3) The growth potential of the net stocks can only be appreciated when you look at the big leap that is about to happen in net related business in Asia -- this is part of a larger revolution that will make everything else pale in comparison.