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Technology Stocks : America On-Line (AOL)

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To: KY who wrote (14208)4/30/1999 3:48:00 PM
From: Steeny  Read Replies (1) of 41369
 
Volume today much lighter than normal for AOL. If this were a real move out of high p/e stocks into cash, volume would be much heavier. However, I agree, today's GDP # is troubling but the bonds have overreeacted. GDP shows growth, but it doesn't show inflation. Next week will tell with NAPM, jobless claims, trade, chainstore sales etc. You're right, though, if we see real inflation come back, there will be a rush for the exits.
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