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Technology Stocks : America On-Line (AOL)
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To: Jeff Dryer who wrote (27368)7/29/1999 6:18:00 PM
From: RocketMan  Read Replies (1) of 41369
 
I don't think many traders remember the days of real inflation, unlike the fears the press is spreading about non-inflation. Try double digit inflation, mortgage rates so high that it was cheaper to put it on a credit card, etc. Greenspan remembers, and that probably is what he is afraid of. But we have a very long way to get anywhere near that, if anything deflation is a bigger concern, given how precarious the international economy is. Nonetheless, that is what the market reacts to, and you can't fight the tape.
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