To: William Hunt who wrote (25883 ) 4/13/2000 4:41:00 PM From: Sonny McWilliams Respond to of 27012
Bill. Re: Greenspan is still worried about the wealth effect. Well, after the last cpl of weeks he does not have to worry about my wealth effect. He and GS and everyone who jumped on the bandwagon after that, took care of that. gg. Not really funny. I guess I stayed a little too long for the party once the nets started their decline, but, I am hanging on now. Probably foolishly. ARBA and the likes were up nicely but the last 1/2 hour was a mess in the NAZ. Those value stocks on the DOW, financials etc, had a hard time all day long. I guess everyone worries about one thing or another at this time like rising interest rates, inflation, deflation, markets are dead, you name it. gg. Maybe once we hit that 3650 low again and then go up, some of the TA guys will be happy. But then this is wishful thinking, probably. Some are setting their sights on lower levels. Let's hope we make this low first thing in the morning and then go up from there. Somehow those TA guys and traders have now a problem with the market being up first thing in the morning. What are they coming up with next? SUNW seems to have come in with stellar earnings. But it is up only about 1 in after hours. Maybe that will help those stocks tomorrow. Intel did great until the selloff came. But it should do well in the long run. AOL took a hit today. Mr. Levine of Time Warner was on Moneyline last night and he said again how happy they are with the merger. TWX came in better than expected and he said AOL is doing great also. He was asked if the deal could fall apart if AOL's stock price goes down, he said: Absolutely not. We are committed and hope the merger will happen by the third qtr. Not exact words but pretty close I am sure. So, where was the beef with AOL today? Maybe some people ARE still being called for margin calls. Sonny