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

To: Charles Tutt who wrote (17382)	6/26/1999 3:10:00 PM
From: Marvin Mansky	Read Replies (1) \| Respond to of 64865

The Feds raising rates cannot have a positive influence on High PE growth stocks. Some analysts say 25 bp rise in Fed funds rate is built in to prices, so when and if, this is announced, the big cash positions held outside of the market, will be put back into the market. Causing a sharp rise. I don't know if this will happen. I may be wrong, but the fed may go further than 25 bsp. With Asia and Europe getting stronger, commodity prices will rise leading to higher prices in every segment of society. I don't think Greenspan will want to see this happen. Now remember production numbers were higher than expected. I believe there will be a serial 25 bsp rise in rate for two or three reporting periods of the FOMC.