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To: Larry S. who wrote (22793)	3/30/2000 9:09:00 AM
From: Kelvin Taylor	Respond to of 53068

Valid point Larry, but I keep hearing is the best earnings growth is coming from the tech sector. the last Kiplinger letter that I subscribe too predicts at least two more rate hikes this year. more if the Fed is still not convienced the ecomony is slowing down. and the next one could be 50 basis points. "old economy" stocks are attractive at current levels however will they have room to run if the bigger rate hikes become the talk on the street. how will financials react to 2-3 more rate hikes? we all know the market both over reacts on the up side and on the downside as well. Key question is have the techs corrected enough for there to be buying on the earnings news and/or have to DOW stocks run up a little to far to fast too considering the DJIA was below 10K not to long ago, now back to 11K. How much "good news" is still factored in. I don't now at this point. If the techies get hit more(many are already well off their 52 week highs) and if earnings beat the street I would expect the beaten down ones to come back with a vengenance. Lots of ifs in that statement above. Bottom line here is have money more than one place. that way you can maybe win in one sector even if the other one is getting killed. Kelvin