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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (17919)1/30/2000 2:52:00 PM
From: eli74  Read Replies (2) of 27311
 
Zeev, there is not way that Greenspan can indicate the next rate hike will be the last for the simple reason neither he nor anyone else knows with any degree of certainty just how high rates have to go in order to slow the economy. If he did know that, then that would be the Fed target in one fell swoop rather than this incremental Chinese water torture we all have to endure.

Eli74
(Bond Slut by Profession)
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