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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (28224)	2/24/2000 5:40:00 AM
From: JDN	Respond to of 64865

Dear Ken: The celebration is that AG specifically said it was NOT his intention to attack the stock market. This likely means continuing liquidity (ie no restrictive money supply). Those 1/4 pts will not affect the high tech market as it is thriving since it REDUCES costs to companies. One might even argue the higher the rates the more incentive to reduce costs. I am not arguing that though so please, no heckling. I do feel though that AT MOST two more 1/4 raises will occur and that is currently priced in the market. Second thing is that AG more or less agreed that economy CAN GROW at greater than their original 2 1/2-3% target without inflation. I got the feeling that he would settle now for something in the 4% range, maybe a little higher. JDN