GTE Message Board - Msg: 714712

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Technology Stocks : GTE

GTE 4.420

-0.6%

3:59 PM EST

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To: Donald Schorling who wrote (27)	1/25/1997 12:54:00 PM
From: Al Serrao	of 671

You can always be wrong trying to predict interest rates and I've been wrong before. However, real interest rates are soldom this high. After the next quarter, everyone will be talking about the slow down in the economy. We have a very strong dollar which looks like it wants to go even higher. Deflationary forces are worldwide not only in Japan but in parts of Europe where Unemployment rates exceed 10%. Gold has crashed and looks like it wants to go even lower. Long interest rates follow Gold, just give it 3 or 4 months. I doubt Mr. Fed has any intention of killing the Goldilocks Economy by raising rates when rates are already too high. I realize rates have moved up recently thats what makes bonds and utilities so atractive right now. Lets keep in mind that the long term trend in rates has been falling since 1981, unless rates move above 8% that trend is still in tack. By the way I haven't smoked in over 40 years, maybe thats why I can see so clearly without all that smoke in my eyes!

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