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Technology Stocks : DELL Bear Thread

DELL 129.24

+0.7%

Dec 26 9:30 AM EST

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To: Lucretius who wrote (2161)	10/15/1998 8:13:00 PM
From: JRI	Read Replies (1) of 2578

Luke- Here's your problem..it's not over...the Fed is going to lower again...and lower again until they think the problem is resolved....In one stroke, Greenspan has brought back a lot of confidence in the markets (under your collapse scenario, a total lack of confidence...panic is needed), and shown the propensity to do whatever it takes to support the U.S. economy (including, as a byproduct) the financial markets.... The domino effect this is going to have in world markets is enormous...watch them bounce tomorrow...and watch the world keep lowering rates...Giving us all time to solve the underlying problems at deliberate pace....Look on the sunny side, this will help your Japanese long position... However, we will probably not see Dell below 50 ever again...(could be wrong on this, but I doubt it)...

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