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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Spartex who wrote (23374)8/4/1998 7:09:00 PM
From: Wallace Rivers  Read Replies (3) of 42771
 
Quad - the market is about as ugly as I've seen it in my fifteen years of investing - and that includes '87. And I'm hearing this from a lot of other well seasoned players.
The buying interest virtually doesn't exist (i.e. no more buy on the dips mentality).
Most markets are saying there is a strong possibility that we may be in recessionary mode.
The only silver lining to all this is that Greenspan has the window, and ABSOLUTELY SHOULD, lower interest rates. Things are too tenuous right now, and he and the other governors should get off their high horses, and drop rates now, before we have further trouble.
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