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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (16104)	2/12/2003 9:30:20 PM
From: fedhead	Read Replies (1) \| Respond to of 57684

A lot of that is factored in at YHOO's current prices. Let us not kid ourselves, the US consumer is the locomotive thats pulling the rest of the world. When the US consumer retrenches the effects are felt world wide. I don't see how YHOO, AMZN and EBAY can escape a slowdown in consumer spending. AMZN with its huge debt load is particularly vulnerable in a deflationary scenario. In any case the market's inability to bounce is concerning. 808 - 812 levels in the S&P are the 78.6 % retracement levels of the October rally and is the last line of defence for the bulls before the October lows. I might even take a long speculative position in the S&P close to 800 - 815 levels for a tradable bounce. Anindo