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Technology Stocks : America On-Line (AOL)
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To: Crystal ball who wrote (29089)8/11/1999 9:24:00 AM
From: Ken  Read Replies (2) of 41369
 
>> "the correction is over at least until August 24th"

I respectfully disagree. I believe the market will not move much in either direction until the Fed makes an announcement on the 24th. It seems guaranteed that they will raise rates (probably 1/4 pt.)

If they do raise 1/4 point, the market will go up after the 24th. If they don't raise 1/4 point, Greenspan will have to offer some pretty good explanations to offset his recent hawkish tone. Then the market will go up. :)

However, I also believe fools will sell their portfolios for fear of some Y2K disaster which will never come. If they do, Uncle Sam will be very happy next April 15, as the fools will have to pay all those capital gains.

I am looking forward to a shaky fall, worse winter, and fantastic 2000.
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