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Technology Stocks : CMGI What is the latest news on this stock?
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To: AmericanVoter who wrote (16139)1/29/2000 12:58:00 PM
From: polarisnh  Read Replies (1) of 19700
 
OT Amein,

I don't know if you are familiar with John Dessauser editor of John Dessauer's Investor's World but he see things a little bit differently concerning interest rates. Here is what he had to say about them in last night's hotline:

Alan Greenspan and the other members of the Federal Reserve's Open Market Committee will have a difficult meeting next week. On the one hand the economy grew nicely in the fourth quarter of last year. The 5.8% annual rate surely is more than the Fed would like. In addition wage gains moved up more than expected. I suppose it doesn't matter to economists that the wage gains increase was due to the cost of benefits or that wage gains in all of 1999 were the same as in 1998. Economists seem to be looking for any excuse to take action and raise interest rates. But there is another development, one that will make the Fed economists stop and think. The dollar broke through one-to-one parity decisively yesterday in Europe. It remained strong in New York trading and is trading above parity again today. The strong dollar and weak euro will be of concern. Still, I'll bet you the Fed raises short-term interest rates from 5.5% to 5.75% next week. Then watch the dollar. It is likely to gain even more strength. By the end of next week, Wall Street could be focused on the dollar and begin worrying about a strong dollar knocking down U.S. exports and corporate profits.

Cheers,

Steve
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