Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

3:59 PM EST

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To: Tech Bull who wrote (60142)	2/24/1999 4:23:00 PM
From: Dee Jay	of 61433

Greenspan testified today that the economy will eventually turn down; he didn't specify when but that is his expectation. That might cause the market to drop, but it wouldn't cause bond yields to rise since a business slowdown is anti-inflationary and would have an opposite effect on yields. Perhaps those stocks with the greatest runups or EPS multiples are the most vulnerable in light of this. And some have been taking potshots at LU and as LU goes, so goes ASND. JMO Dee Jay

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