America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: ChinuSFO who wrote (30181)	8/31/1999 1:51:00 PM
From: Bridge Player	Read Replies (2) of 41369

<< Since when did we see a neutral bias lead to a raise in rates? >> Duh... last week? << GREENSPAN SHOULD GO WHEN HIS TERM IS UP AND JAMES RUBIN SHOULD BE IN. All in favor say Aye. >> Nay. There are 3 things that have, arguably, contributed in a major way to the continuation of the bull market: 1. Sharp reduction in the federal deficit (note, not elimination) by congressional action in response to public opinion 2. Continued strong productivity gains that have allowed the growth in earnings to outpace the growth in the economy as a whole 3. Alan Greenspan's steady hand at the tiller of monetary policy. Reasonable people can, and do, argue about #3 and many other factors are also present. I can promise you, however, that at such time as it becomes clear to the markets that AG will not be reappointed, they will tank big-time. BP

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