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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (23638)8/28/1998 8:32:00 AM
From: Wallace Rivers   of 42771
 
I've posted on Mr. G and the govs on many threads, basically saying they are totally paranoid about the wage inflation bogey in our country, and, while I probably am overstating this, it seems they are almost afraid of prosperity on these shores, hence their non-move (to this point)on lowering fed funds. We have an inverted yield curve (I thought that was a potential harbinger of recession...), we've gotten a devaluation of a major asset class which Mr. G desires (no more "irrational exuberance"), the CRB and especially oil are tanking! Well, I hope this meeting in Jackson Hole consists of more than low stakes golf skins games and central banker small talk. We need reduction in fed funds NOW. The long end of the market is unmistakingly saying that.
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