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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (22430)	6/12/1999 10:23:00 PM
From: MileHigh	Respond to of 93625

Don, I agree on the market getting treacherous here. Also, RMBS chart shows two shooting stars trying to break out, hasn't yet, news will do it, no news and it might trade down to fill the intra day gap. We'll see! MileHigh

To: Don Green who wrote (22430)	6/13/1999 11:58:00 PM
From: RetiredNow	Read Replies (2) \| Respond to of 93625

Don, the main problem with the markets recently is the fear of interest rate increases by the Fed. Now, if you look at the bond market along with the downturn in the stocks in the last couple of weeks, it is clear that the market has already priced in close to a point decrease. The Fed might decrease a half, but more likely a quarter or not at all. So when the CPI numbers come out Wednesday and then the end of the month Fed meeting is over. We should see a nice rally. Because the fact of the matter is that there have been fewer downside earnings warnings than analysts were expecting. So your doom and gloom may be just a tad bit early. If there will be a downturn that rocks everyone's house, I imagine it will be the one that starts in October and continues for a couple of months as herd mentality sets in due to Y2K fears. Then in January as people realize that 99.9% of everything they are familiar with still works and that the sky has not fallen, we will again see a sustained rise in the market. There's a prediction you might want to bank on. At your own risk, of course. ;)