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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

3:59 PM EST

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To: Chuzzlewit who wrote (137516)	7/24/1999 2:21:00 AM
From: TTOSBT	Read Replies (1) of 176387

Re: "Maybe a lot of people decided to take profits. Or maybe some people were spooked by the possibility of an irresponsible tax cut that might jeopardize the country's ability to pay down the national debt or even result in the elimination of the surplus. Or maybe some people decided to sell because of fear of eventual Y2K dislocations. And then again, some people may have decided to sell because it's July." It does seem logical but I find it highly improbable that with all the reasons mentioned above not one indicates the likelihood that a lot of people sold due to the bond selling (raising rates over 6%) as a result of Mr. Greenspan's hostile jawboning Thursday? The man is going to raise interest rates no matter what it cost the American people. That is why he is stepping out of his republican shoes and criticizing his party for lowering taxes now. His logic as stated by him is wait til the economy crashes then stimulate by lower taxes. Obviously he has already planned to bring this 9 year bull down. But the republicans can not wait because they do not want to put surplus cash in Clinton's hands which he will spend for his causes. TTOSBT

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