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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (10972)	8/7/1999 9:08:00 PM
From: levy	Read Replies (1) \| Respond to of 28311

here is an section of a piece from Steve Harmon internet stock report that is relevant to our conversation....... As we stated last week, it is impossible to say whether the recent slump in Internet stocks has fully played out. Thursday's strong rally is encouraging, especially as it came on a day when the federal government released a report showing lower productivity and rising labor costs in Q2, a combination that economists warn can trigger inflationary pressures. But all bets may be off until later in the month, when Federal Reserve Chairman Alan Greenspan is expected by many to announce a hike in interest rates. While such a rate increase concerns some investors, others argue that the Internet stock market already took the Fed action into account during its steep plunge of the past three weeks. With the Q2 earnings season behind us and an anticipated increase in fall e-commerce activity several weeks away, we may be in for continued volatility for the rest of August.