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

To: Eric Wells who wrote (87104)	12/11/1999 2:33:00 PM
From: dbblg	Read Replies (2) \| Respond to of 164684

Hi Eric, FWIW, the Fed Desk adds reserves to counter increased demand for currency at several times a year. Traditionally this was during the big shopping seasons, but I gather the increase in currency being taken out of the country has shifted usage patterns somewhat. The reserves added for Y2K are an exaggerated version of the same thing. I do think the market is toppy here, and that there is rampant speculation, especially in new issues. I just think there are a host of reasons for that other than the Fed's efforts to keep a meaningless date-change from wreaking havoc on the banking system. I also think froth in the market, especially in one-day wonders and joke companies, is rarely a good enough reason to sell (unleveraged) holdings of any stock an investor considers appropriate for his or her long-term goals. Best, Ganesh