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

To: kahunabear who wrote (21818)	10/16/1998 7:33:00 PM
From: Gary Walker	Read Replies (1) \| Respond to of 164684

Interesting phenomenon today.... The internet party headed for the exits at any sign of trouble. Perhaps the hits at XCIT didn't charm anyone. Amazon held up ok, but Yahoo and AOL tumbled at the first sign of correction and didn't participate for the dow trend for the day. The key here is how much damage has this global problem caused. The Japanese economy produces more good and services then the rest of the Asian region combined according to a radio report I heard today. Japan IS Asia and Japanese are in the ditch. Companies are not cutting back people and their earnings continue to go south. Now the government is putting Tax payer money to prop up the banks and keep them from closing. (Sounds like the FED?) Their prime rate is about 1/2%. Now our Fed lowers rates which undercuts the yen causing their products to be more expensive here. That won't help the Japanese economy for sure. More turmoil ahead??? This will be very interesting. Thanks for the compliment. Hopefully you won't have to watch me go up in flames. Go Yankees.... Good luck! gw