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Technology Stocks : F5 Networks, Inc. (FFIV)
FFIV 260.41-0.1%Dec 23 3:59 PM EST

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To: Michael Kim who wrote (1045)6/8/2000 10:52:00 PM
From: Naggrachi   of 1801
 
<<Anybody worried here about the market in general?>>

I honestly think that the worst is behined us (knock on wood, PPI tomorrow.) Nonetheless, at worst one more hike and, IMO, were through. The Fed has raised rates how many times now? They must give these hikes a chance to filter through the economy. A half point hike is huge and it's effects will be felt sooner or later. Just like the Fed saiz that it's too early to draw any conclusion that the economy is slowing from the lastest economic data, one can also argue that a strong economic report does not mean that the economy is not slowing, either.

If they continue to raise rates without giving the hikes a chance to filter through the economy then they may just drive the country into a recession.

Remember, every recession is started by one too many hikes.

Zead
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