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

To: re3 who wrote (118459)	2/24/2001 12:57:35 PM
From: GST	Read Replies (2) \| Respond to of 164684

Ike: There is an issue now, one that confronts us all: Are we in a bear market? To date, we have been primarily de-bubbling the technology stocks -- and what a de-bubbling it has been. But the broader market has not been in bear market territory -- until last week. Last week the prospect of a wider bear market reared its ugly head. Now the battle ensues. Some of the bears chanted "rate-cut, no bear, rate-cut, no bear" and lo and behold the sun came out for fifteen minutes on Friday. Is an end to the bubble bursting process now in sight? Perhaps. But the emerging and more important issue is this: Are we in the beginning stage of a bear in the broader market? Some are saying we are in a near-recession, or a micro-recession and there will be no bear -- AG will make amends for his slow-footedness, cut aggressively and make it safe to buy stocks. Others say, no way, AG is cutting while the broader consumer market is in terrible shape as savings rates turned negative and there is too much credit card debt etc. and, to make matters worse, there is over-capacity and a sharp drop-off in key sectors such as telecommunications. These folks say the bear is coming to town, and if AG acts like the town pimp instead of the town cop, then the bear will simply become more lawless as the liquidity causes a loss of faith in the integrity of the US financial system. AG will be pumping vodka and gin into the punchbowl while the towns-folk watch well-armed hoodlums roam the streets looking for the farmers' daughters to drag them into the brothel where AG is serving up another round of drinks. So there it is -- bear? Or no bear?