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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 92.72+5.2%Nov 24 3:59 PM EST
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To: Zeev Hed who wrote (41309)5/3/2000 10:58:00 PM
From: jim kelley  Read Replies (1) of 93625
 
Zeev,

Perhaps, I should have said "prolonged bear market".
Of course, all that happened as you say. But it happened already. The question is where do we go from here?

I guess your fear is that the market may go down further and perhaps it will. But will it stay there and if so for how long?

In a "real bear market" most of the NASDAQ and DOW stocks would be considered overvalued. A lot of people still think this is a correction in a long running bull market.

Does Greenspan want a prolonged bear market? I think not! But clearly he wants to slow down the growth rate of the economy. So eventually he will have his way if monetary policy still works.

JK
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