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Technology Stocks : America On-Line (AOL)

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To: Tunica Albuginea who wrote (2916)1/19/1999 1:15:00 PM
From: PDL  Read Replies (3) of 41369
 
TA, I agree with your sentiments (Billy's expected give-aways tonight, etc.). A couple of things worry me: Bubba's "social security privatization plan" will merely be a sop for the government keeping and maintaining more control over yours and my tax dollars -- under the auspices of "let the government invest your retirement dollars and insure the integrity of the Social Security System for another 20 years". Also look for Greenspan to come out (I think he's got an address scheduled for tomorrow) with some "irrational exuberance" comments especially directed at internet stocks. This will be coupled with actions underway by NASDAQ aimed at taking the fiz away from inut stocks and investors. Just MHO, but I wonder what this might do to some of the high-flyers... In the long-run, the market will reflect the realities of the market, so I don't think manipulation from Greenspan or Bubba "work" long term, but I do worry about the short-term. Welcome your thoughts.
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