EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: bob gauthier who wrote (6439)	5/14/1999 9:15:00 AM
From: JustMy2Cents	Read Replies (2) of 17183

EMC with other stocks will get hammered this morning due to the CPI coming in at .7% instead of the surveyed .4% Excluding Food and Energy the number came in at .4% instead of the surveyed .2% Today's reports are fanning concerns that the stregth of the US economy will quicken inflation. I do not believe this is the case. February's and March's increase in oil prices will not continue the trend into the second and third quarters of 1999. At 9:12am, Globex S&P500 futures are down 16 points. I feel there is an over-reaction in the market to the CPI numbers. Industrial Production number to come out at 9:15am and Real Earnings and Univ. of Mich. Confidence at 10am will either bare this out or help to disprove. HOWEVER, the fudementals underlying EMC have not changed. Those who hold will be rewarded in my honest opinion. Regards, JM2C

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