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Technology Stocks : Dell Technologies Inc.
DELL 122.55+4.4%Nov 21 9:30 AM EST
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To: Walt Corey who wrote (69516)10/6/1998 12:05:00 PM
From: Rif Kamil, M.D  Read Replies (1) of 176387
 
OT I would love to see the Congress get a licking from the population. However, I'm not sure that the "man on the street" would see the IMF being loaned more money as being relevant to his/her welfare (Even if this may be so in the long run).Until recession hits the US directly the short-sighted congressmen will continue to stall IMF funds.

Congress (and the populace) are very fickle and easily swayed. The drama being played out in Congress and with Clinton is like Shakespeare's Julius Caesar. There is many a "Brutus" lined up to stab Clinton and many a pompous senator will huff and puff about "morality" because he thinks this will carry more weight with the electorate. (Unfortunately, instead of a Mark Antony we have James Carville!)

I fear that the global climate will not allow DELL to reach highs in the near future. Look how CSCO got hammered. If there is any indication that PC sales will be slower than expected we could see all PC stocks tank even further. I do think that DELL will do better than the rest (based on its past and current performance), however and I do think that Michael Dell will guide this company to be the #1 PC maker within 1 or 2 years. But all that may mean squat if PC sales plateau over 1999 (sort of like INTC being #1 chip maker in a depressed semi-conductor industry, its stock has gone nowhere over the last year). DELL is still about 200% up for this year and may be subject to corrections.

The bottom of this market will be indicated to me by these possible markers:
1. Internet stocks come back to earth
2. PC stocks P/Es become more reasonable
3. Long bond yields start to rise

All IMHO ofcourse, just babblings.
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