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

To: GST who wrote (36235)	1/23/1999 4:02:00 PM
From: Alan	Read Replies (1) \| Respond to of 164684

bits2atoms.com has some interesting analysis and links about amazon.com.

To: GST who wrote (36235)	1/23/1999 5:52:00 PM
From: Rob S.	Read Replies (1) \| Respond to of 164684

Many good and valid points. I don't think China will devalue soon - the dollar has recently devalued 30% relative to the Japanese Yen. Also mild improvement in S. Korea and Taiwan are plusses for the regions vitality and relative currency valuations. The FD and other world-wide authorities will keep flooding the supply of capital in hopes of a "soft landing" to the liquidity crisis through modest growth. But I do agree that the markets and Internet stock fever are indirect beneficiaries of this huge liquidity splurge. I think the flood will continue to lift the markets for a while longer. What will eventually bring it down to earth a bit will be lower US growth rates, continued pricing pressure combined with higher wage costs. I don't think a major crash - like 50%-75% on the entire market - is likely to happen because I am optimistic that the world's economy will grow. For the near term, excess liquidity continues to be a positive.