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Technology Stocks : America On-Line (AOL)
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To: Annette who wrote (17478)5/18/1999 8:38:00 AM
From: Steeny  Read Replies (1) of 41369
 
Housing starts just came out weaker than expected. Bonds are rallying. This could increase likelihood that the Fed will not even change the bias. I still think bias will change, but I am now only slightly better than 50-50. Today, I see a rally no matter what the Fed does. The market has priced in a bias change for the most part. Still no confirmed signs of inflation(just CPI), but hints are there and the hawks on FOMC want the flexibility of raising if they need to.
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