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Technology Stocks : Compaq

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To: JDN who wrote (78796)2/28/2000 8:57:00 AM
From: MeDroogies   of 97611
 
I agree that AG is only following markets. Remember, though markets aren't "perfect", they are pretty accurate. Rates DO need to be raised, because the easy access to capital has allowed ALOT of marginal firms to remain in business longer than would normally be acceptable.
AG has a duty to manage the bubble that currently exists in the market. It may be a bear market (I don't disagree), but you'd never know it to look at most techs. By allowing them to essentially print their own money using stock, AG has to manage money supply elsewhere.....hence rising interest rates.
I think his decisions have been what have kept the market moving in the past. I'm sure he has no "hidden agenda" to quash the market...just to keep it level-headed.
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