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

To: Glenn D. Rudolph who wrote (68489)	7/20/1999 9:28:00 PM
From: Mark Fowler	Respond to of 164684

cbs.marketwatch.com DoubleClick's chief caresses his crystal ball O'Connor sees Net as top-three medium in half-decade

To: Glenn D. Rudolph who wrote (68489)	7/20/1999 9:55:00 PM
From: GST	Respond to of 164684

Glenn -- the higher interest rates will represent the selling of US debt -- the selling will drive up yields. Remember, on a net basis we don't save anything. We depend on foreigners to do that for us. Currency risk is a concern that will get priced into the market -- more so with foreigners -- who will require higher yields to offset currency depreciation.

To: Glenn D. Rudolph who wrote (68489)	7/20/1999 9:57:00 PM
From: GST	Respond to of 164684

Glenn -- I should add that this week rates look set to decline -- it is next month I am worried about.

To: Glenn D. Rudolph who wrote (68489)	7/20/1999 10:30:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Glenn -- A pretty inactive thread the day before AMZN 'earnings'. As a contrarian, perhaps AOL will take us up after all. There is such a bearish tone today. It was such a sharp mood swing and it could go back and forth for a few days.