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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Marvin Mansky who wrote (16907)	6/7/1999 3:25:00 PM
From: Mephisto	Respond to of 64865

I agree with you, but, in the past, the threat of a rate hike or an actual rate hike has been a preoccupation for those who invest in the DOW & NAS. The small investor has ignored these rate increases, I believe. (Look at the inflow into mutual funds). The professional traders and analysts get hung up on it, however. They spend hours chattering about the bond market and its impact on stocks. I see Sun holds up well. Cheers, Mephisto

To: Marvin Mansky who wrote (16907)	6/7/1999 3:31:00 PM
From: Alok Sinha	Read Replies (3) \| Respond to of 64865

The job creation fugure gets revised big time every month - so the data is ambiguous at best. PPI and employment cost index are better leading indicators. Don't believe the nalysts who tell you that a 25 bps increase is factored in the market. Maybe the bond market (and financials) - but certainly not in the stock market, and tech sector. Also a rate increase is more worrisome from the point of view that it may be one of a series - not a one time event (and Greenspan is not going to give any inkling about the future). I am lightening up on some of my tech holdings where the earnings momentum is not as strong as SUN. In general the weakness in PC hardware arena (INTC particularly) should be cause for concern. Regards Alok