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Technology Stocks : All About Sun Microsystems
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To: Marvin Mansky who wrote (16907)6/7/1999 3:31:00 PM
From: Alok Sinha  Read Replies (3) of 64865
 
The job creation fugure gets revised big time every month - so the data is ambiguous at best. PPI and employment cost index are better leading indicators. Don't believe the nalysts who tell you that a 25 bps increase is factored in the market. Maybe the bond market (and financials) - but certainly not in the stock market, and tech sector.

Also a rate increase is more worrisome from the point of view that it may be one of a series - not a one time event (and Greenspan is not going to give any inkling about the future). I am lightening up on some of my tech holdings where the earnings momentum is not as strong as SUN. In general the weakness in PC hardware arena (INTC particularly) should be cause for concern.

Regards

Alok
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