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Technology Stocks : America On-Line (AOL)
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To: TARADO96 who wrote (27824)8/3/1999 12:07:00 PM
From: Michael Bakunin  Read Replies (1) of 41369
 
If AG does not tighten at or before the next Fed meeting, I suspect you'll be right: a relief rally for high-P/E stocks like AOL would seem a likely outcome. If the Fed does tighten and economic data or public pronouncements lead the market to expect more of the same, further interest rate worries should cap 'net stock appreciation. -mb PS #reply-9371018
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