Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Frederick Smart who wrote (24057)	10/26/1998 11:09:00 AM
From: dwight vickers	of 42771

Obviously what Gary was saying is that while lower interest rates have stimulated (ahhh....Keynes) the economy when used since WWII, it doesn't have to be a universally bullish development. Many people live off their CD and T-bill interest. Lower rates cut their income. When you get to these low levels the danger is that the negatives to income can overwhelm the positives of lower rates. Home refinancings may still be stimulative, as it's been for the last many years. But at some point that will cease to be a positive factor. The pre-WWII results of pushing on a string when lowering interest rates, needs to be considered. The Japanese would agree. Mainstream economists should think about the difference. Their models probably don't take into consideration that the Fed isn't lowering rates this time to counter weakness created by their previously raising rates. How does this affect NOVL? Short term not at all. Unless the market starts to smell more trouble........ Dwight

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