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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (25841)	1/6/2000 6:06:00 PM
From: fuzzymath	Read Replies (1) of 64865

JDN, I don't think Greenspan is controlling rates at this point. Rather, he's reacting to the bond markets. He has even less control over the dollar. If it's going to fall, it's going to fall. I don't say a high dollar is ideal, either. I just know that a falling currency causes falling bonds (higher rates) in a country, and there is a correlation between falling currencies and crashing stock markets. A nice stable dollar is what we really want, given how good our economy has been. Why rock the boat? But if the boat starts rocking, I usually put on a life jacket. Which is why I exited the NASDAQ two days ago. Today I bought back in, by the way, but this time into the dull NYSE/S&P world (FFIDX). If all the big guys are switching from techs to cyclicals (or whatever), I may as well do so too. There's a lot of money waiting to be unwound from this NASDAQ-only rally of recent months. Kevin

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