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

To: Sam Citron who wrote (102564)	5/1/2000 3:49:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 164684

I can't agree, but who can tell the future?! Something important happened last Thursday, when Nasdaq reverse in spite of the inflationary/interest rate ramifications. To me it suggests that the market is now discounting a more (but still mildly) inflationary environment going forward and betting again on companies that can beat inflation with unit growth. IMO, the Fed can hike rates only so far without setting off another international currency crisis. The dollar is too strong right now, and higher interest rates only attract more money into the dollar.