MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Madharry who wrote (48897)	5/2/2000 9:10:00 AM
From: marginmike	Read Replies (2) of 99985

Please wake up and smell the coffee"Rate hikes mean little for those that don't borrow such as the techs and biotechs." That is the most ridiculous thing I have heard. Though Tech companies are imunne to small gains in rates, if rates went to 7-8% there would be a blood bath in tech and the overall market. How do people lease computers? or business's finance infrastructure buildout? Or if nobody is buying new homes who will need new infrastructure? How much more will AMAZON loose if consumer spending declined substatially because they had to scrape up more money to pay their mortgages? Get real, INTEREST RATES DO MATTER TO TECH!

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