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

To: Danny who wrote (114228)1/4/2001 1:32:13 PM
From: GST  Respond to of 164684
 
In 98 we faced the prospect of something much worse than a recession. LTCM was sitting on a bomb with trillions in leveraged bets gone sour and a meltdown of whole countries who had backed foolish investments with promises of sovereign backing for the debt -- we faced the bankruptcy of whole countries and disruptions in markets trading trillions of dollars in securities each day -- the currency markets. It was called a crisis because it was a crisis. We are not in any crisis that I know of -- just a bear market and a slow economy.



To: Danny who wrote (114228)1/4/2001 1:35:25 PM
From: GST  Respond to of 164684
 
Danny: I know why people bought yesterday -- but why will they buy tomorrow?



To: Danny who wrote (114228)1/4/2001 2:47:44 PM
From: Sam Sara  Respond to of 164684
 
You may be right, but I am skeptical of tech for the next few months, although it will be a trader's paradise.

No need to rehash reasons for my skepticism, they are all over the media.

My only point is that these rate cuts are a necessary condition for a tech rally, but may not be sufficient.


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