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Strategies & Market Trends : The New Economy and its Winners
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To: Victor Lazlo who wrote (2912)11/11/2000 12:41:53 PM
From: Mark Fowler  Read Replies (3) of 57684
 
And Victor i'll add in high oil prices with rising labor cost index as you mentioned. I believe Greenspan has moved to a neutral stance with respect to increasing interest rates, however, I don't believe His objective will be to lower rates this yr. to rescue the stock market's decline. His objective is to slow things down, and to get people to save money again. I'll say the Nas could easily decline another 10% or so. There's no rush to buy here, specifically, the tech stocks.
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