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Technology Stocks : America On-Line (AOL)

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To: Rascal who wrote (17524)5/18/1999 3:58:00 PM
From: Steeny   of 41369
 
I agree. Overall, there has been just one major signal of inflation(CPI). Other signals are neutral. Unemployment was weaker than expected(especially wages).The CRB(commodity) index has hit major resistance after rallying off the lows. The Fed is overly worried about the Asian recovery. Those markets have a long way to go to get to their levels of a few years ago. As yields here rise and Asian stocks recover, more money will pour into our stocks and bonds. The Japanese will especially begin their buying at around 6.00% yields. Interest rates should stay low here. The internet should keep inflation down as well(higher production, but lower costs.)

IMO, the bull market is still intact. In a worst case, even 50 bps will not kill this market.
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