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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (74716)	1/28/2000 12:28:00 PM
From: Eggolas Moria	Read Replies (1) \| Respond to of 132070

MB, the margin debt issue is particularly troubling and I'm pleased that the SEC is looking into it at the request of the Federal Reserve. Of course, if the OTC market continues its sell-off, much of that margin debt will be liquidated in the normal course of business. Painfully, I might add. In a similar vein, the layoff announcement from AMZN was particularly interesting. The bulls remarked that the December quarter sales blowout was a new permanent plateau from which AMZN should be seeing higher sequential sales. If that is the case, then why lay of 1500 employees (not holiday related) now? Is it possible that the surge in advertising was great at driving people to the site, but that the Amazon "brand" doesn't retain enough of them? Just a post-holiday thought. I would have liked a little more explanation than I've seen to this time.