Applied Micro Circuits Corp (AMCC) Message Board

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Technology Stocks : Applied Micro Circuits Corp (AMCC)

AMCC 8.450

0.0%

Feb 3 4:00 PM EST

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To: FR1 who wrote (447)	4/15/2000 9:14:00 PM
From: w2j2	Read Replies (1) of 1805

Franz, Going back several years, Greenspan has been worried about " irrational exuberance" now called "wealth effect". He has now solved that problem. Going forward, he has 2 big worries: The democrats will blame him for trying to beat Al Gore with interest rates. Unhappy investors will want a new administration that promises to cut taxes. 2nd, The tech sector, the growth engine of our economy, pays its employees largely with stock options. If the market tanks and stays there, the economy will take a big hit. I think he has to raise .25% in May. Otherise he looks like he was "after" the stock market, which is what he consistently denies. After that, he will wait and see till after November elections. This is a correction in an ongoing bull market. IMHO wj

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