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

To: Oeconomicus who wrote (152696)	2/8/2003 12:30:47 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

Weary Wall Street Wary of Bush Policies NEW YORK (Reuters) - More than a year after the recession supposedly ended, a lot of things are still going wrong, leaving weary stock investors unwilling to take a stand and wary of President Bush's domestic and foreign policies. Business spending has stalled because of uncertainty about the economy. Historically, corporate America has been slow to start investing after recessions. The companies' biggest fear at this stage of the down cycle is that they could see even weaker earnings if the economy slips back into recession. The smart money's worst fear is that the dispute with France, Germany, Russia, China and Canada -- who have urged that U.N. weapons inspectors be given more time in Iraq -- may spill over into trade issues. (I believe the technology CEOs think it already has, fwiw) The constant beating of the war drums is not exactly the stuff that inspires people to invest in the future. It creates anxiety and doubts going forward. A hugely expensive war or one that goes badly could stun the economy. Bush this week sent to Congress a $2.2 trillion budget for fiscal 2004. The blueprint projects a record deficit of $307 billion, eclipsing a 1992 record of $290 billion. biz.yahoo.com