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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Larry S. who wrote (50993)2/11/2004 9:03:43 PM
From: E.J. Neitz Jr  Read Replies (1) of 53068
 
Technology stocks were pummeled in 1985-86 period.
Not sure what interest rates have to do with it.
Now the dollar and its direction is another issue. Very similar. Prior to the crash, the dollar was falling....and foreign nations started to yank $ out of the US markets big time. Anyway, I thought that excerpt from Greenspan was telling...he is worried about foreign nations pulling funds out of US and spiking rates up beyond the fed's control. Anyway, I am not saying we are looking at a 1987 senario, just that Greenspan and his policies did zip to help us back then......many seem to think (not here) that because Greenspan is "in control" and rates are low we have "clear sailing ahead". I don't think it's that simple.
Anyway, the momo will continue to the upside until.....well one thing is certain....if we are alive, we will see it. And then say ahhh.....hmmm ok.
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