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Technology Stocks : JDS Uniphase (JDSU)

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To: tripperd2 who wrote (16668)	1/18/2001 11:01:40 AM
From: Bill Holtzman	Read Replies (2) of 24042

I was listening to Market Watch on NPR on the way home today and a commentator remarked that Bush's cabinet selections were basically all old economy people. I think that's an important observation. Clinton and his people made the difference. Under "old economy" people, things will return to the way they were before Clinton. George (blank) Bush blamed Greenspan for losing in 92 and so "W" will probably run the 75 year old guru off, leaving us with an old school hack. The stock market won't do anything phenomenal, they're going to run deficits back up (as soon as people take their old cap gains) they'll blame it on Clinton somehow, and everything else will get worse - unemployment, inflation ... you know, all that Carter stuff! It'll set the stage for a big Democratic win in 2004 - Hillary! On the other hand, I think it's possible that our society/economy needs some conservative, old school influences after the go-go years under Clinton. There is a large segment of our society, I believe, that cannot keep up with the pace of innovation and needs time to adapt. I didn't really like Reagan, but I voted for him because I thought he was the right person for the times.

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