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To: Road Walker who wrote (91863)11/7/1999 9:31:00 PM
From: jmac  Read Replies (2) | Respond to of 186894
 
My guess is whatever the DOW does in the first 30 minutes will be halved within 60 minutes. I believe that of the tech stocks in general as well (with the exception of MSFT). Nothing like biting the hald who feeds you (Clinton DOJ sues one of the very companies that led to productivity gains that allowed the economy to grow for 8 straight years almost inflation free). Without that productivity increase, can you imagine what interest rates would be given the tight labor markets would have stilled prevailed?



To: Road Walker who wrote (91863)11/7/1999 11:32:00 PM
From: Barry Grossman  Read Replies (2) | Respond to of 186894
 
John,

First there was tobacco, then the gun manufacturers, now the judicial system is after the largest, most successful tech company. It certainly doesn't leave investors with a higher feeling of confidence in equities

My feeling of confidence is missing with regard to BIG government in general, but I disagree about confidence in equities. I still have confidence that over the long run, equity values will correlate well with their actual earnings and continued earnings prospects - in spite of governmental interference. Just call me a cockeyed optimist.

I also think that the holier than thou Clinton Justice department needs to be retired along with all the other members of the present administration.

Barry