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Technology Stocks : America On-Line (AOL)

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To: DOUG H who wrote (29090)	8/11/1999 4:42:00 PM
From: Sonny McWilliams	Read Replies (2) of 41369

Doug. Did you hear that there was a rumor on the floor late this morning that Greenspan will resign after the next FOCM meeting" Did you notice what happened? The market tanked until WS decided it was just that, A RUMOR. Don't get me wrong. I never subscribed to the theory of inflation and must raise interest rates. But a resignation or a hint of Greenspan not being renominated, would not be fun to watch. What better suited candidate do you have in mind? Like I said. I don't agree with Greenspan's obsession with inflation. Like someone mentioned the other day "You don't take an aspirin today just in case you get a headache tomorrow" but fooling around with the idea of a new FED chairman at this time would be a lot worse than going against almost non existent inflation. Yes. I also believe that another rate hike would mess things up a bit. It looks like not only we are being held hostage to a possible rate hike, most of the world is. So todays words about inflation were encouraging. Sonny

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