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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

3:59 PM EST

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To: Tommy Dorsey who wrote (134285)	6/24/1999 9:04:00 AM
From: stock bull	Read Replies (3) of 176387

Goodmorning Tommy, thanks for the information. I'm not concerned about a 25 basis point increase. If I do have a concern its related to the fact that I don't see how a 25 basis point increase will even come close to slowing this economy. If I remember correctly, before the Fed's cut the rate three times last year, the economy was still growing at a rate in the area of 4 percent. My information tells me that the Fed is shrinking the money supply. For the period of Feb '99 to May '99 the M2 was +3.72%. The M3 was -0.2%. (These figures were adjusted for a CPI increase of 2.3% for year end 4/30/99.) This has me more concerned than the rate increase. Stock Bull

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