Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.610

-2.7%

12:29 PM EST

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To: Dale Baker who wrote (6101)	1/15/2000 10:20:00 AM
From: Neil_L	of 10293

We can sit and debate the "new paradigm" concept brought on by technology all day long...but certainly the rules that the stock market plays by have changed radically...rising interest rates do not have the same effect that they did in the past. Obviously, there is a crossover point, but that bar has been raised. I think the market is taking it's cue from inflation...as long as people believe inflation is under control and the economy is still growing, money will continue to pour in. This is my current opinion...if you had asked me about interest rates six months ago, I would have said they do matter...six months from now and with an uptick in inflation may prove this theory wrong if the market keeps going. My only consolation as to predicting market direction is that my opinion, my kids opinion and my dogs opinion are just as good as anyone elses...right now we are in uncharted territory and nobody knows. Neil.

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