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Technology Stocks : INTC
INTC 42.82+7.0%1:10 PM EST

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To: Road Walker who wrote (125)3/28/1997 3:24:00 PM
From: BlueCrab   of 990
 
Hi, John -- That's the attitude that will keep 30 yr bond yields from going above 7.25%, which has been identified by analysts as the upper limit for continued stock price appreciation. If the yields are perceived by investors to be "good" at the 7-7.25 range, an upper bound is set and the stock markets resume pushing against that limit.

I think the DJI and large caps in general will correct some more; not as much as the techs, but perhaps 10-15%. Hope to see it, would set a nice platform for the next leg of the bull.

I still don't think a long-term bear market is in the offing; the economy is behaving far too well...

Best to all,

Jeff
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