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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Miller who wrote (2462)	8/12/1999 9:25:00 PM
From: Kelvin Taylor	Read Replies (1) \| Respond to of 4337

Miller, Greenspan will use any reason to raise rates. The Fed believes the market is 40% overvalued and all three rate cuts last year were due to overseas market weakness. Most expect all three cuts to be "taken back". Since next year is an election year the rate hikes will be done by year end. Fed won't do it during a presidential election. IF the June hike was the only one the market would response on the upside big-time. Problem is higher rates are in the cards. Kelvin