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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Bearded One who wrote (23692)9/1/1998 12:54:00 PM
From: dwight vickers  Read Replies (1) of 42771
 
What budgets would you be talking about that Clinton "reduced"? Besides the defense budget. (That was a surprise)

The market was under 1000 when Reagan took office, and was considered permanent dead money.

It got as low as 770 while his policies and Volcker's control of the money supply was wringing inflation out of the system.

It went as high as 2700 plus in 1987 before the "crash", and had made most of the crash back by the time he left office in 1989.

Now that was a record. And it was based on policy initiatives of his own.

Not falling into a good situation, like Clinton.

Quite the opposite.

Dwight

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