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Technology Stocks : Dell Technologies Inc.
DELL 114.44-3.4%Jan 30 9:30 AM EST

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To: mepci who wrote (163249)12/15/2000 7:43:40 PM
From: BWAC  Read Replies (1) of 176388
 
<It is not FEDs job to dole out easy money for the likes of the dotcoms and 27 year old hotshots >

No it is not. BUT the tight money policy has had a worse affect on many 'real' companies than it has on these dotcoms. Look around at the destroyed investment quality stocks. Take APCC today. LPX trading at less than just its timber land value. Grocers. DELL even. LU. WCOM. Banks. All around. The tight money policy, obviously directed at the high flying dotcoms, took 50% off of peoples long term bought for retirement type companies. The hyped dotcoms valuations were destined to fail miserably. One day. Some day. Every pile in hype chaser that paid $40 Billion for a company with $10 Million sales was going to be wiped out. But look around now, Greenspan targeted the market (specifically these companies) and look what got thrown out first? The old quality investment companies. Then the speculators couldn't keep the dotbombs propped up. So they threw some more quality out. Then it all fell apart and they had to FINALLY throw the dotbombs away at $1. So Greenspan took EVERYBODY down, to get at the speculators. And now we have (SURPRISE!!!!!), the speculators in control again. Just on the short side this time. Causing the long term investor considerable pain. Greenspans attack misfired, missed the speculators, and hit middle America right in the wallet.
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