E Loan Inc -EELN Message Board

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Technology Stocks : E Loan Inc -EELN

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To: mact who wrote (556)	8/9/1999 9:59:00 PM
From: stockman_scott	of 817

mact: IMO, the interest rate FEAR is a bit over-rated. Here is an interesting post from another thread (and I tend to agree with it)... <<Bond yields are at 52 week highs 6.24% I have to take a contrarian look and see bonds rallying a bit tomorrow. The bond market is pricing in .25 rate hike in August and .25 rate hike in October. I honestly see this as over kill. With Y2K looming ahead...restraining liquidity to that extreme will kill our economic growth as consumer spending will be driven out of the market. With election year ahead the Fed should do whatever it can to add dressing to economic growth and prosperity. Increasing rates 3 times before an election year has never been done and I expect political pressures will be in full force to prevent this from occuring.>> ----------------------------------------------------------------- We all know that EELN can move up or down very quickly. I expect quite a dramatic recovery in E-Loan's stock price in the next few months. That is why I continue to hold my original position (purchased at $24/share) in my online IRA. Best Regards, Scott

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