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Technology Stocks : Dell Technologies Inc.

DELL 145.76

-0.6%

10:18 AM EST

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To: John Koligman who wrote (107429)	3/5/1999 9:18:00 AM
From: JRI	Read Replies (1) of 176387

The bond was oversold....in addition to needing a pause and a pull-back....High P/E stocks got taken and out as the Bond turned in its worst monthi in February in 18 years...However, there is no inflation in the economy, even with tight labor markets.. There is a lot of money on the sidelines..been sitting there for a while....Come April 1st, Japanese money will flow back into U.S., and the Treasury will be realized huge tax inflows...so bonds will be supported quite well.. Greenspan gets the new era arguments...The Fed is not going to raise anytime soon..earnings are up....This is the stuff of rallies...

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