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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17919)	1/30/2000 1:57:00 PM
From: Pallisard	Read Replies (1) \| Respond to of 27311

I don't think this will be Greenspam's last effort at quelling inflation thru rate hikes. But from what I've gleaned in listening to the talking heads, much of the street welcomes a hike to cool things a bit. Anyway a lot of the Fed action is already factored into the market; the correction we're seeing here in the short term is probably over, the market is likely somewhat oversold at this point and will consolidate its losses for a few trading days. After that I guess it depends on the mood and attitude about earnings and interest rates. IMO

To: Zeev Hed who wrote (17919)	1/30/2000 2:52:00 PM
From: eli74	Read Replies (2) \| Respond to of 27311

Zeev, there is not way that Greenspan can indicate the next rate hike will be the last for the simple reason neither he nor anyone else knows with any degree of certainty just how high rates have to go in order to slow the economy. If he did know that, then that would be the Fed target in one fell swoop rather than this incremental Chinese water torture we all have to endure. Eli74 (Bond Slut by Profession)

To: Zeev Hed who wrote (17919)	1/30/2000 3:31:00 PM
From: LiPolymer	Respond to of 27311

Hi Zeev, To me it seems Greenspan is just taking back the easings used to stem the falling tides around the world a while back. With the Y2K fears, no matter how irrational, he wasn't about to cool us down at the end of 1999. IMO the 25 basis points we'll see in February is getting priced in now. Regards, Gary