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Technology Stocks : Dell Technologies Inc.

DELL 136.48

+3.3%

12:37 PM EST

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To: jhg_in_kc who wrote (53552)	7/24/1998 12:10:00 AM
From: Chuzzlewit	Read Replies (2) of 176387

Maybe you haven't noticed, but lots of companies are reporting poor earnings. Asia is having an effect on the US markets. I think it is more likely that the realization that earnings have worsened than Greenspan's remarks. I listened closely to what he said and I didn't hear anything that negative. Some newspaper "analysts" were pushing for a rate decrease and Greenspan quashed those ideas. But other than that I didn't hear the kinds of things that would send the market south. Perhaps you did and you could enlighten me. I have argued all along that a loosening by the Fed would be a good thing, and that interest rates were needlessly high. I also feel that Greenspan is fighting illusory inflation. Nevertheless, under his stewardship the economy has done quite well, and inflation is a non-event. I guess I don't understand why so much venom has been directed against him. TTFN, CTC

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