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Politics : Kenneth Starr denies his probe was politically motivated -- Ignore unavailable to you. Want to Upgrade?

To: C Kahn who wrote (233)	6/25/1999 6:31:00 PM
From: Les H	Read Replies (3) \| Respond to of 470

It depends on each investor's time horizon. I tend to be intermediate-term, meaning buying and selling stocks with the intent (but not always the outcome) to hold for 3 months to a year. I think the market is on hold for the outcome of the Federal Reserve meeting. It'll depend on how much the Fed raises the interest rates, whether both the fed funds rate and/or the discount rate are both raised, and probably most importantly, whether the Fed decides to alter its bias back to neutral posture. And then just as important, how the markets respond to the news, whether the markets decisively break out in one direction or the other. The tech stocks went up since they have the most optimistic earnings outlook to report in July. They're also susceptible to buy on anticipation now and sell on the news in July as they did in April. Everything else is doing poorly. The above opinion would probably place me as neutral short-term and looking for more of a correction which may have been put off till early Fall. If things hold up, I'm willing to buy some software and telecom stocks short-term or just trade the Technology Spyder XLK.