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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: mirada who wrote (86482)	1/11/2000 9:39:00 AM
From: tejek	Respond to of 1572145

I remember a top guy from Gruntal said something like historically the market never crash (or turn bear ) because of valuation alone. This seems to be a good point so the bull market could continue until some other thing comes in and break the party. Unfortunately 'the thing' that usually breaks up the party/a bull market is the Fed's intervention/rising interest rates. That's why the rising yield on the long bond is troublesome. Also what is your take on the AOL TWX deal today. I was surprised by the willingness of Time Warner shareholders to accept AOL stock as a currency. Do you think this validify the valuation of AOL? I think a look at a daily chart for TWX says it all. Up until yesterday, the stock was stuck in a trading range roughly between $50-60 this past year. Yesterday, after the deal's announcement, the stock closed at $90+. Now what part of this deal do you think the TWX shareholders have trouble accepting? ted