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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Ken who wrote (7358)	7/28/1999 10:46:00 AM
From: foobert	Read Replies (1) \| Respond to of 9818

The fault tolerance ABILITY of the SYSTEM is 99.9%, a number I picked out of the air. I can guess as good as you can.

To: Ken who wrote (7358)	7/28/1999 2:21:00 PM
From: Ken	Respond to of 9818

Yardeni:< COMMENT: In his July monetary policy report to Congress, Fed Chairman Alan Greenspan suggested that the stock market is experiencing a speculative bubble. However, he also indicated that it isn't the Fed's job to make that call, or to do anything about it. If it is a bubble, and the bubble bursts, then the Fed will act to mitigate the damage. In other words, even if stock prices continue to soar into record territory, the Fed won't tighten credit conditions unless the positive wealth effect overheats and economy and revives inflation. I believe that competition and the deflationary consequences of Internet will keep inflation near zero. In my opinion, it is a bubble--which is a bear's way of staying bullish. So what could burst the bubble? Beats me: All that comes to my mind is a Y2K-caused recession and deflation.