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: Janice Shell who wrote (9700)	3/20/1997 1:45:00 PM
From: dwight vickers	of 42771

Janice, They made it sound on CNBC today like Greenspan all but said a rise was a done deal. That means it will now probably be a non event to the markets. But I think that it will not be so harmless to the economy, especially if it's followed per usual by several more rises. I had an eye opening conversation with a knowledgeable real estate guy yesterday. He knew he wasn't selling me a house so openly told me how weak the market is. Especially the upper end ($300,000 and up), where people who have built the expensive new homes recently are being forced to take a substantial haircut if they need to sell. Not what they planned I'm sure. In particular, the $1 million plus homes have a 125 month inventory unsold here in the suburban Chicago area. Not reading anything like that in the news. My own observation had been that "for sale" signs have been staying up a very long time. Here and in SE Wisconsin, where I also have some familiarity, houses have been being built at a frantic pace for several years. Also looks like autos are slowing, partly due to yen weakness. Not the type of economy that needs higher rates, IMVHO. Sorry for straying off topic, but I can't help myself. Dwight

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