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Technology Stocks : All About Sun Microsystems
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To: JDN who wrote (28107)2/22/2000 11:52:00 AM
From: Frank Ellis Morris  Read Replies (2) of 64865
 
Charles is an optimist but inreality How low must we go before the crowds start writing to their leaders and
demanding the throw out of Allen Greenspan??

Before this debacle is all over you will not want to buy stocks at any price but will be
trying to pick yourself up wandering what the hell happened?

Tuesday February 22, 11:20 am Eastern Time

U.S. stocks turn negative on rate
fears in late morning

NEW YORK, Feb 22 (Reuters) - U.S. stocks gave up
their gains in the late morning on Tuesday as fears
that interest rates will go up sharply spread, a day
before Federal Reserve Chairman Alan Greenspan's
second round of Congressional testimony.

Some of the biggest losses were in the biotechnology
and Internet sectors, which up until recently had
seemed immune to the prospect that the Fed would
hike borrowing costs substantially to slow the
economy.

''I think this is a continuation of the selling on the presumption that interest rates are
heading considerably higher,'' said Barry Hyman, market strategist for
Ehrenkrantz,
King Nussbaum Inc.

Before it is all over there will not be one american shareholder who will tolerate
Allen Greenspan heading the Federal Reserve or a democrat to be in the oval office.

JMHO
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