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Strategies & Market Trends : Tech Stock Options

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To: dennis michael patterson who wrote (52745)	9/15/1998 11:35:00 PM
From: Trey McAtee	Read Replies (1) of 58727

dennis-- agreed. greenspan if he thought the market was overvalued at 6500 i can only imagine what he thinks now. he has not in the past moved rates to support and extend an overvalued market. i think his intention at berkley was to lessen the damage and not cause a huge sell off. instead, we go much higher. to be honest, i cant wait for the boom to be lowered. there is no reason for the market to go higher, especially not if the fed has to consistently add liquidity. people are way off base this time. the funny thing is that a few changes in the japanese tax code could really help matters along. but they are unwilling to make the changes because it will effect debt ratings. the japanese government is going to wear moodys triple A at its burial. good luck to all, trey

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