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Technology Stocks : All About Sun Microsystems
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To: Alok Sinha who wrote (28002)2/18/2000 6:35:00 PM
From: QwikSand  Read Replies (2) of 64865
 
I don't even think the "selloff" today had anything much to do with Greenspan, although that's the standard excuse the media always has to give. I heard Greenspan testify, and all he said was basically the same thing he says every time, unless I missed something. In fact, the one thing he could have said that would have understandably sent the market into a tailspin, which was tightening up on margin requirements, he specifically said he wouldn't do because it disadvantaged the small investor too much. He's got one line he delivers every time. What could it possibly have to do with a selloff?

I think the selloff today was mostly because of traders not wanting to hold positions over the long weekend.

But what, on the other hand, do I know.
--QS
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