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Technology Stocks : E Loan Inc -EELN
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To: fedhead who wrote (634)8/23/1999 7:19:00 PM
From: Srinivasan Balasubramanian  Read Replies (1) of 817
 
That is true for the entire tech sector that sports lofty valuations and even more so for the internet stocks. DJIA hit a record high today, so the market seems to be confident that Fed will stop with a 25 pt increase. In fact there were rumors circulating on Friday that Fed may not do a rate hike in August and possibly change its stance to a tightening bias. Well, we don't have to wait much longer..
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