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Non-Tech : Home Depot (HD)

HD 363.95

-1.9%

11:29 AM EST

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To: P.M.Freedman who wrote (664)	5/17/1999 10:24:00 PM
From: dexx	Read Replies (1) of 1169

P.M.Freedman, thanks for the update. I believe that Lowe's drop in price was partially a function of bad timing. With Greenspan's comments tomorrow being unknown (though many analysts think the fed rate will go unchanged with Greenspan hinting of an upcoming need to raise rates), and the specter of increased interest rates coming, I believe the market backed off (very low volume today) and decided to take a "wait and see" position. Hopefully, tomorrow, Greenspan will not announce a rate hike or even the prospect of one. I believe that just the thought of an interest rate increase is enough to cause some correction in the market. Dexx

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