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Technology Stocks : OnSale Inc.
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To: Sabrejet who wrote (2256)12/3/1998 5:34:00 PM
From: PAL  Read Replies (3) of 4903
 
Seczebra:

Whenever stocks go up, every investor looks like a genius. It was just a week ago that investors were euphoric, and high fives each other. But when the market heads, many of us are just hoping: this is the bottom. But it has been 4 days in a row. Will tomorrow make it 5 days in a row?

The market will do as it please. Just like when AG lowered the rate: it was good but the market tumbled. Now why would such a good thing caused the market to tumble? Wall Street answered that the rate cut was already built in and that less likely in the FOMC meeting rate will further. Now how is that for a spin: tails you lose and heads I win? This is what is happening this morning. Rate cut in Europe is good because it would make purchases more affordable. But then the spin is: the rate cut suggests that Europe is not in that good of a shape, thus the decline in DJIA which then was accelerated with Brazil's talk of devaluation.
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